Envestnet Asset Management Inc. Trims Stock Holdings in Pacer Lunt Large Cap Alternator ETF $ALTL

Envestnet Asset Management Inc. lowered its position in shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,082 shares of the company’s stock after selling 4,819 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Pacer Lunt Large Cap Alternator ETF were worth $907,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Lunt Capital Management Inc. grew its position 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 period. Avantax Advisory Services Inc. grew its holdings in Pacer Lunt Large Cap Alternator ETF by 23.0% in the first quarter. Avantax Advisory Services Inc. now owns 29,940 shares of the company’s stock worth $1,042,000 after purchasing an additional 5,592 shares during the period. Raymond James Financial Inc. increased its stake in shares of Pacer Lunt Large Cap Alternator ETF by 3.9% during the first quarter. Raymond James Financial Inc. now owns 186,642 shares of the company’s stock valued at $6,498,000 after purchasing an additional 7,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 purchasing an additional 8,681 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in shares of Pacer Lunt Large Cap Alternator ETF during the first quarter valued at approximately $616,000.

Pacer Lunt Large Cap Alternator ETF Stock Up 1.9%

Shares of ALTL opened at $41.13 on Friday. The stock has a market cap of $102.83 million, a P/E ratio of 21.07 and a beta of 0.98. The business’s 50 day moving average price is $43.03 and its 200-day moving average price is $39.61. Pacer Lunt Large Cap Alternator ETF has a 52 week low of $31.30 and a 52 week high of $45.11.

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.