Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Down 0.2% – What’s Next?

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s stock price fell 0.2% during mid-day trading on Wednesday . The stock traded as low as $45.18 and last traded at $45.32. 2,782 shares were traded 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 Trading Down 0.2%

The stock’s 50 day moving average price is $43.99 and its two-hundred day moving average price is $42.77. The firm has a market capitalization of $99.70 million, a price-to-earnings ratio of 21.07 and a beta of 0.98.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its stake in shares of 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 acquiring an additional 84,427 shares in the last quarter. Raymond James Financial Inc. increased its stake in Pacer Lunt Large Cap Alternator ETF by 1.9% in the 2nd quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after purchasing an additional 3,473 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 during the last quarter. Citadel Advisors LLC boosted its position in Pacer Lunt Large Cap Alternator ETF by 53.7% during the third quarter. Citadel Advisors LLC now owns 31,861 shares of the company’s stock worth $1,353,000 after purchasing an additional 11,134 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Pacer Lunt Large Cap Alternator ETF by 27.7% in the third quarter. Envestnet Asset Management Inc. now owns 30,749 shares of the company’s stock valued at $1,306,000 after purchasing an additional 6,667 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.