Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Down 3.5% – Here’s What Happened

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) fell 3.5% during trading on Friday. The company traded as low as $39.80 and last traded at $39.80. 7,347 shares were traded during mid-day trading, an increase of 3% from the average session volume of 7,132 shares. The stock had previously closed at $41.26.

Pacer Lunt Large Cap Alternator ETF Price Performance

The stock has a market cap of $73.63 million, a P/E ratio of 21.07 and a beta of 0.80. The business’s fifty day moving average price is $45.23 and its 200 day moving average price is $46.37.

Institutional Investors Weigh In On Pacer Lunt Large Cap Alternator ETF

A number of hedge funds have recently added to or reduced their stakes in ALTL. Ameritas Advisory Services LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the 2nd quarter worth $29,000. Integrated Wealth Concepts LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter worth $38,000. Envestnet Asset Management Inc. increased its position in shares of Pacer Lunt Large Cap Alternator ETF by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 33,183 shares of the company’s stock worth $1,702,000 after purchasing an additional 2,157 shares during the last quarter. Independent Financial Group LLC purchased a new stake in Pacer Lunt Large Cap Alternator ETF during the first quarter valued at about $350,000. Finally, Citadel Advisors LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the 2nd quarter worth approximately $545,000.

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.