Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Trading Down 2.2% – Here’s Why

Shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) traded down 2.2% during trading on Friday . The company traded as low as $45.23 and last traded at $45.44. 3,494 shares were traded during mid-day trading, a decline of 48% from the average session volume of 6,685 shares. The stock had previously closed at $46.48.

Pacer Lunt Large Cap Alternator ETF Stock Down 2.2%

The company has a 50 day moving average price of $44.72 and a 200-day moving average price of $44.19. The company has a market cap of $97.70 million, a price-to-earnings ratio of 21.07 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. increased its stake in shares of Pacer Lunt Large Cap Alternator ETF by 1.9% in the second quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after buying an additional 3,473 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Pacer Lunt Large Cap Alternator ETF by 19.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 56,205 shares of the company’s stock valued at $2,412,000 after buying an additional 9,280 shares during the period. Citadel Advisors LLC increased its stake in shares of Pacer Lunt Large Cap Alternator ETF by 53.7% in the third quarter. Citadel Advisors LLC now owns 31,861 shares of the company’s stock valued at $1,353,000 after buying an additional 11,134 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of 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 buying an additional 6,667 shares during the period. Finally, PFG Advisors increased its position in Pacer Lunt Large Cap Alternator ETF by 7.8% during the 3rd quarter. PFG Advisors now owns 22,468 shares of the company’s stock valued at $954,000 after purchasing an additional 1,626 shares during the period.

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.