Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Down 2.2% – Here’s What Happened

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s share price was down 2.2% on Friday . The stock traded as low as $45.23 and last traded at $45.44. Approximately 3,494 shares traded hands during trading, a decline of 48% from the average daily volume of 6,685 shares. The stock had previously closed at $46.48.

Pacer Lunt Large Cap Alternator ETF Trading Down 2.2%

The firm’s 50 day moving average is $44.72 and its two-hundred day moving average is $44.19. The firm has a market cap of $97.70 million, a P/E ratio of 21.07 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in 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 worth $84,000 after acquiring an additional 250 shares during the last quarter. PFG Advisors boosted its stake 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 worth $954,000 after acquiring an additional 1,626 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Pacer Lunt Large Cap Alternator ETF by 1.9% during the 2nd quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock worth $7,160,000 after acquiring an additional 3,473 shares during the last quarter. Maridea Wealth Management LLC bought a new position in Pacer Lunt Large Cap Alternator ETF during the 3rd quarter worth approximately $201,000. Finally, NewEdge Advisors LLC boosted its stake in Pacer Lunt Large Cap Alternator ETF by 7,104.2% during the 4th quarter. NewEdge Advisors LLC now owns 5,115 shares of the company’s stock worth $220,000 after acquiring an additional 5,044 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.