Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Trading Down 0.2% – Should You Sell?

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s share price traded down 0.2% during mid-day trading on Thursday . The stock traded as low as $44.62 and last traded at $44.70. 3,039 shares changed hands during trading, a decline of 66% from the average session volume of 9,053 shares. The stock had previously closed at $44.77.

Pacer Lunt Large Cap Alternator ETF Price Performance

The business has a fifty day moving average of $44.76 and a 200 day moving average of $43.41. The stock has a market cap of $98.34 million, a price-to-earnings ratio of 21.07 and a beta of 0.98.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. IFP Advisors Inc raised its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 14.4% during the 3rd quarter. IFP Advisors Inc now owns 1,984 shares of the company’s stock valued at $84,000 after purchasing an additional 250 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the 3rd quarter valued at $201,000. NewEdge Advisors LLC boosted its holdings in Pacer Lunt Large Cap Alternator ETF by 7,104.2% in the fourth quarter. NewEdge Advisors LLC now owns 5,115 shares of the company’s stock worth $220,000 after purchasing an additional 5,044 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Pacer Lunt Large Cap Alternator ETF in the fourth quarter worth $249,000. Finally, Foundations Investment Advisors LLC acquired a new position in Pacer Lunt Large Cap Alternator ETF during the fourth quarter worth $717,000.

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.