Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Down 0.3% – Time to Sell?

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) shares were down 0.3% during trading on Thursday . The stock traded as low as $47.16 and last traded at $47.17. 3,243 shares traded hands during trading, a decline of 54% from the average session volume of 7,098 shares. The stock had previously closed at $47.29.

Pacer Lunt Large Cap Alternator ETF Trading Down 0.3%

The firm’s 50 day simple moving average is $48.47 and its 200-day simple moving average is $46.21. The stock has a market capitalization of $94.34 million, a price-to-earnings ratio of 21.07 and a beta of 0.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ALTL. Foundations Investment Advisors LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF in the 4th quarter valued at $717,000. Royal Bank of Canada raised its position in Pacer Lunt Large Cap Alternator ETF by 146.2% in the first quarter. Royal Bank of Canada now owns 27,739 shares of the company’s stock valued at $1,217,000 after purchasing an additional 16,473 shares during the last quarter. Citadel Advisors LLC raised its position in Pacer Lunt Large Cap Alternator ETF by 53.7% in the third quarter. Citadel Advisors LLC now owns 31,861 shares of the company’s stock valued at $1,353,000 after purchasing an additional 11,134 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 19.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 56,205 shares of the company’s stock valued at $2,412,000 after purchasing an additional 9,280 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the first quarter worth about $350,000.

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.