Flow Traders U.S. LLC Acquires New Holdings in Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC)

Flow Traders U.S. LLC bought a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 6,528 shares of the company’s stock, valued at approximately $323,000.

Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF by 3.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 34,985 shares of the company’s stock worth $1,702,000 after buying an additional 1,051 shares during the last quarter. Leavell Investment Management Inc. lifted its position in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 17.0% during the 3rd quarter. Leavell Investment Management Inc. now owns 34,299 shares of the company’s stock worth $1,703,000 after acquiring an additional 4,977 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF during the 2nd quarter worth $39,000.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Performance

Shares of NYSEARCA:PALC opened at $52.08 on Friday. The stock’s 50-day moving average is $50.80 and its 200-day moving average is $49.11. The company has a market cap of $351.54 million, a P/E ratio of 37.20 and a beta of 1.12. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 52-week low of $38.66 and a 52-week high of $52.90.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Profile

The Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in US large cap equities that allocates to multi-factor sub-indices based on relative strength. PALC was launched on Jun 24, 2020 and is managed by Pacer.