Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Trading Up 0.4% – Still a Buy?

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) traded up 0.4% during trading on Monday . The stock traded as high as $38.90 and last traded at $38.83. 32,372 shares were traded during trading, a decline of 37% from the average session volume of 51,647 shares. The stock had previously closed at $38.67.

Pacer Lunt Large Cap Alternator ETF Price Performance

The company has a market cap of $295.18 million, a PE ratio of 16.80 and a beta of 0.92. The company has a fifty day moving average price of $38.28 and a 200 day moving average price of $36.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers purchased a new stake in Pacer Lunt Large Cap Alternator ETF in the first quarter worth approximately $2,193,000. Silver Oak Securities Incorporated boosted its stake in Pacer Lunt Large Cap Alternator ETF by 439.6% in the third quarter. Silver Oak Securities Incorporated now owns 54,720 shares of the company’s stock worth $2,082,000 after buying an additional 44,580 shares in the last quarter. Jane Street Group LLC boosted its stake in Pacer Lunt Large Cap Alternator ETF by 375.5% in the third quarter. Jane Street Group LLC now owns 37,549 shares of the company’s stock worth $1,433,000 after buying an additional 29,652 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the second quarter valued at approximately $488,000. Finally, Ergawealth Advisors Inc. boosted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 4.5% during the third quarter. Ergawealth Advisors Inc. now owns 236,692 shares of the company’s stock valued at $9,032,000 after purchasing an additional 10,250 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.