Pacer Lunt Large Cap Alternator ETF $ALTL Shares Sold by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. lowered its stake in shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,430 shares of the company’s stock after selling 30,403 shares during the period. Pacer Lunt Large Cap Alternator ETF comprises 3.6% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 11th biggest position. Ergawealth Advisors Inc. owned about 6.88% of Pacer Lunt Large Cap Alternator ETF worth $8,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC purchased a new position in Pacer Lunt Large Cap Alternator ETF during the first quarter worth approximately $616,000. Avantax Advisory Services Inc. raised its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 23.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 29,940 shares of the company’s stock worth $1,042,000 after acquiring an additional 5,592 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,461 shares of the company’s stock worth $1,757,000 after acquiring an additional 8,681 shares during the period. Silver Oak Securities Incorporated grew its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 11.3% in the first quarter. Silver Oak Securities Incorporated now owns 71,057 shares of the company’s stock valued at $2,442,000 after purchasing an additional 7,242 shares during the period. Finally, WBI Investments LLC increased its position in Pacer Lunt Large Cap Alternator ETF by 111.5% during the first quarter. WBI Investments LLC now owns 86,117 shares of the company’s stock worth $2,998,000 after purchasing an additional 45,404 shares during the last quarter.

Pacer Lunt Large Cap Alternator ETF Price Performance

NYSEARCA:ALTL opened at $43.26 on Friday. The company’s 50-day moving average is $40.84 and its two-hundred day moving average is $37.23. Pacer Lunt Large Cap Alternator ETF has a 1-year low of $31.30 and a 1-year high of $43.74. The firm has a market capitalization of $110.31 million, a price-to-earnings ratio of 21.07 and a beta of 0.91.

Pacer Lunt Large Cap Alternator ETF 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.