Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Trading 0.4% Higher – What’s Next?

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) shot up 0.4% on Tuesday . The stock traded as high as $44.16 and last traded at $44.06. 9,921 shares changed hands during trading, a decline of 16% from the average session volume of 11,825 shares. The stock had previously closed at $43.87.

Pacer Lunt Large Cap Alternator ETF Stock Up 0.4%

The firm has a market cap of $96.93 million, a P/E ratio of 21.07 and a beta of 0.98. The business has a fifty day simple moving average of $43.32 and a 200-day simple moving average of $42.20.

Institutional Investors Weigh In On Pacer Lunt Large Cap Alternator ETF

Several hedge funds have recently bought and sold shares of ALTL. Geneos Wealth Management Inc. increased its stake in shares of Pacer Lunt Large Cap Alternator ETF by 25.2% during the second quarter. Geneos Wealth Management Inc. now owns 419,791 shares of the company’s stock valued at $15,809,000 after purchasing an additional 84,427 shares in the last quarter. Lunt Capital Management Inc. grew its stake in shares of Pacer Lunt Large Cap Alternator ETF by 1.4% in the 2nd quarter. Lunt Capital Management Inc. now owns 229,256 shares of the company’s stock worth $8,634,000 after buying an additional 3,073 shares during the last quarter. Raymond James Financial Inc. increased its position in Pacer Lunt Large Cap Alternator ETF by 1.9% during the 2nd quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after buying an additional 3,473 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Pacer Lunt Large Cap Alternator ETF by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 50,461 shares of the company’s stock valued at $1,757,000 after buying an additional 8,681 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Pacer Lunt Large Cap Alternator ETF by 53.7% in the third quarter. Citadel Advisors LLC now owns 31,861 shares of the company’s stock worth $1,353,000 after acquiring an additional 11,134 shares in the last quarter.

Pacer Lunt Large Cap Alternator ETF Company Profile

The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that alternates exposure between low volatility and high-beta US stocks, weighted by momentum. ALTL was launched on Jun 24, 2020 and is managed by Pacer.