Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Trading Down 0.2% – Should You Sell?

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s share price fell 0.2% on Wednesday . The company traded as low as $45.18 and last traded at $45.32. 2,782 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 8,771 shares. The stock had previously closed at $45.41.

Pacer Lunt Large Cap Alternator ETF Stock Down 0.2%

The company has a 50 day simple moving average of $43.99 and a 200 day simple moving average of $42.77. The company has a market capitalization of $99.70 million, a price-to-earnings ratio of 21.07 and a beta of 0.98.

Institutional Investors Weigh In On Pacer Lunt Large Cap Alternator ETF

Several institutional investors have recently bought and sold shares of the business. PFG Advisors raised its stake in shares of Pacer Lunt Large Cap Alternator ETF by 10.7% in the 2nd quarter. PFG Advisors now owns 20,842 shares of the company’s stock valued at $785,000 after acquiring an additional 2,017 shares during the period. Geneos Wealth Management Inc. boosted its position in Pacer Lunt Large Cap Alternator ETF by 25.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 419,791 shares of the company’s stock worth $15,809,000 after purchasing an additional 84,427 shares during the period. GeoWealth Management LLC increased its holdings in Pacer Lunt Large Cap Alternator ETF by 6.6% in the 2nd quarter. GeoWealth Management LLC now owns 24,452 shares of the company’s stock valued at $921,000 after purchasing an additional 1,521 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Pacer Lunt Large Cap Alternator ETF in the fourth quarter valued at about $249,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 19.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 56,205 shares of the company’s stock worth $2,412,000 after purchasing an additional 9,280 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.