Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Trading Down 0.3% – Here’s Why

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s stock price was down 0.3% during trading on Thursday . The company traded as low as $47.16 and last traded at $47.17. Approximately 3,243 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 7,098 shares. The stock had previously closed at $47.29.

Pacer Lunt Large Cap Alternator ETF Price Performance

The company has a market cap of $94.36 million, a PE ratio of 21.07 and a beta of 0.80. The company has a 50-day moving average of $48.42 and a 200 day moving average of $46.21.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

A number of institutional investors and hedge funds have recently modified their holdings of ALTL. Goldman Sachs Group Inc. raised its holdings in Pacer Lunt Large Cap Alternator ETF by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,461 shares of the company’s stock valued at $1,757,000 after buying an additional 8,681 shares during the period. 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. Citadel Advisors LLC boosted its stake 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 buying an additional 11,134 shares during the period. Foundations Investment Advisors LLC bought a new position in Pacer Lunt Large Cap Alternator ETF during the fourth quarter valued at $717,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Pacer Lunt Large Cap Alternator ETF during the fourth quarter valued at $249,000.

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.