Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Stock Price Up 1.1% – What’s Next?

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) shares rose 1.1% during trading on Monday . The stock traded as high as $51.77 and last traded at $51.63. 4,289 shares were traded during mid-day trading, a decline of 32% from the average session volume of 6,284 shares. The stock had previously closed at $51.05.

Pacer Lunt Large Cap Alternator ETF Stock Up 1.1%

The company has a 50 day simple moving average of $46.80 and a two-hundred day simple moving average of $45.14. The company has a market capitalization of $111.00 million, a P/E ratio of 21.07 and a beta of 0.80.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

Large investors have recently modified their holdings of the stock. Foundations Investment Advisors LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF during the 4th quarter valued at approximately $717,000. IFP Advisors Inc lifted its position in Pacer Lunt Large Cap Alternator ETF by 14.4% in the third quarter. IFP Advisors Inc now owns 1,984 shares of the company’s stock worth $84,000 after buying an additional 250 shares during the last quarter. PFG Advisors lifted its position in Pacer Lunt Large Cap Alternator ETF by 7.8% in the third quarter. PFG Advisors now owns 22,468 shares of the company’s stock worth $954,000 after buying an additional 1,626 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Pacer Lunt Large Cap Alternator ETF by 27.7% during the third quarter. Envestnet Asset Management Inc. now owns 30,749 shares of the company’s stock worth $1,306,000 after buying an additional 6,667 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in Pacer Lunt Large Cap Alternator ETF by 1.9% during the second quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock worth $7,160,000 after buying an additional 3,473 shares during the period.

About Pacer Lunt Large Cap Alternator ETF

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.