Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $38.47 and traded as high as $39.97. Pacer Lunt Large Cap Alternator ETF shares last traded at $39.88, with a volume of 9,561 shares.

Pacer Lunt Large Cap Alternator ETF Stock Performance

The company has a market capitalization of $303.09 million, a P/E ratio of 16.80 and a beta of 0.92. The stock has a fifty day moving average of $38.47 and a 200 day moving average of $36.73.

Institutional Investors Weigh In On Pacer Lunt Large Cap Alternator ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Pacer Lunt Large Cap Alternator ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 67,325 shares of the company’s stock worth $2,327,000 after buying an additional 1,550 shares during the period. Atria Investments Inc lifted its position in shares of Pacer Lunt Large Cap Alternator ETF by 22.8% in the third quarter. Atria Investments Inc now owns 11,956 shares of the company’s stock valued at $456,000 after acquiring an additional 2,220 shares in the last quarter. Lunt Capital Management Inc. boosted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 2.8% in the third quarter. Lunt Capital Management Inc. now owns 198,808 shares of the company’s stock worth $7,587,000 after acquiring an additional 5,353 shares during the period. SPC Financial Inc. boosted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 5.1% in the third quarter. SPC Financial Inc. now owns 112,182 shares of the company’s stock worth $4,281,000 after acquiring an additional 5,452 shares during the period. Finally, Stifel Financial Corp purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the third quarter worth about $305,000.

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.