Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Up 1.1% – Time to Buy?

Shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) shot up 1.1% during mid-day trading on Monday . The stock traded as high as $51.77 and last traded at $51.63. 4,289 shares were traded during trading, a decline of 32% from the average session volume of 6,284 shares. The stock had previously closed at $51.05.

Pacer Lunt Large Cap Alternator ETF Stock Performance

The stock has a market capitalization of $106.90 million, a P/E ratio of 21.07 and a beta of 0.80. The business has a 50-day moving average price of $46.90 and a 200 day moving average price of $45.19.

Institutional Investors Weigh In On Pacer Lunt Large Cap Alternator ETF

Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 14.4% during the third quarter. IFP Advisors Inc now owns 1,984 shares of the company’s stock valued at $84,000 after acquiring an additional 250 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Pacer Lunt Large Cap Alternator ETF by 7,104.2% in the 4th quarter. NewEdge Advisors LLC now owns 5,115 shares of the company’s stock worth $220,000 after purchasing an additional 5,044 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Pacer Lunt Large Cap Alternator ETF in the 4th quarter worth about $249,000. Independent Financial Group LLC bought a new position in Pacer Lunt Large Cap Alternator ETF in the 1st quarter worth about $350,000. Finally, Foundations Investment Advisors LLC bought a new position in Pacer Lunt Large Cap Alternator ETF in the 4th quarter worth about $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.