Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Stock Price Up 1.4% – Still a Buy?

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s share price was up 1.4% during trading on Monday . The company traded as high as $38.70 and last traded at $38.59. Approximately 18,511 shares traded hands during trading, a decline of 32% from the average daily volume of 27,201 shares. The stock had previously closed at $38.06.

Pacer Lunt Large Cap Alternator ETF Price Performance

The stock has a 50 day moving average of $38.31 and a two-hundred day moving average of $37.60. The stock has a market capitalization of $293.28 million, a PE ratio of 16.80 and a beta of 0.92.

Institutional Trading of Pacer Lunt Large Cap Alternator ETF

Several large investors have recently bought and sold shares of the company. Stifel Financial Corp acquired a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the third quarter valued at approximately $305,000. Atria Investments Inc lifted its stake in Pacer Lunt Large Cap Alternator ETF by 22.8% in the 3rd quarter. Atria Investments Inc now owns 11,956 shares of the company’s stock valued at $456,000 after buying an additional 2,220 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Pacer Lunt Large Cap Alternator ETF during the 2nd quarter valued at $488,000. Jane Street Group LLC increased its position in Pacer Lunt Large Cap Alternator ETF by 375.5% during 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. Finally, Silver Oak Securities Incorporated raised its holdings in shares of 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 acquiring an additional 44,580 shares during the last quarter.

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.