Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Sees Large Volume Increase

Shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) saw strong trading volume on Friday . 988,715 shares traded hands during mid-day trading, an increase of 531% from the previous session’s volume of 156,624 shares.The stock last traded at $32.52 and had previously closed at $32.56.

Pacer Lunt Large Cap Alternator ETF Trading Down 0.1 %

The company has a 50-day simple moving average of $33.51 and a 200 day simple moving average of $35.65. The company has a market cap of $603.62 million, a P/E ratio of 15.62 and a beta of 0.91.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tucker Asset Management LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF during the 1st quarter worth $25,000. UBS Group AG lifted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 23,433.3% during the 2nd quarter. UBS Group AG now owns 706 shares of the company’s stock worth $29,000 after purchasing an additional 703 shares during the last quarter. FMR LLC lifted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 4,084.6% during the 3rd quarter. FMR LLC now owns 1,088 shares of the company’s stock worth $37,000 after purchasing an additional 1,062 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the 2nd quarter worth $48,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 2,043.9% during the 1st quarter. JPMorgan Chase & Co. now owns 1,758 shares of the company’s stock worth $67,000 after purchasing an additional 1,676 shares during the last quarter.

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.