Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Stock Price Down 0.3% – Here’s What Happened

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s share price fell 0.3% during mid-day trading on Thursday . The stock traded as low as $47.16 and last traded at $47.17. Approximately 3,243 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 7,098 shares. The stock had previously closed at $47.29.

Pacer Lunt Large Cap Alternator ETF Trading Down 0.3%

The company has a fifty day moving average price of $48.47 and a two-hundred day moving average price of $46.21. The firm has a market cap of $94.34 million, a P/E ratio of 21.07 and a beta of 0.80.

Institutional Investors Weigh In On Pacer Lunt Large Cap Alternator ETF

Several large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in Pacer Lunt Large Cap Alternator ETF by 7,104.2% in the 4th quarter. NewEdge Advisors LLC now owns 5,115 shares of the company’s stock worth $220,000 after purchasing an additional 5,044 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Pacer Lunt Large Cap Alternator ETF during the fourth quarter worth about $249,000. Independent Financial Group LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF during the first quarter worth about $350,000. Foundations Investment Advisors LLC acquired a new stake in Pacer Lunt Large Cap Alternator ETF in the 4th quarter valued at approximately $717,000. Finally, Royal Bank of Canada lifted its stake in Pacer Lunt Large Cap Alternator ETF by 146.2% in the 1st quarter. Royal Bank of Canada now owns 27,739 shares of the company’s stock valued at $1,217,000 after acquiring an additional 16,473 shares in the last quarter.

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.