Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Down 2.2% – Here’s Why

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)’s share price was down 2.2% on Friday . The stock traded as low as $45.23 and last traded at $45.44. Approximately 3,494 shares traded hands during trading, a decline of 48% from the average daily volume of 6,685 shares. The stock had previously closed at $46.48.

Pacer Lunt Large Cap Alternator ETF Price Performance

The stock’s 50 day simple moving average is $44.72 and its two-hundred day simple moving average is $44.19. The stock has a market cap of $97.70 million, a P/E ratio of 21.07 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALTL. Foundations Investment Advisors LLC bought a new position in Pacer Lunt Large Cap Alternator ETF in the fourth quarter valued at approximately $717,000. Citadel Advisors LLC lifted its stake 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 buying an additional 11,134 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Pacer Lunt Large Cap Alternator ETF by 19.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 56,205 shares of the company’s stock valued at $2,412,000 after buying an additional 9,280 shares in the last quarter. Independent Financial Group LLC bought a new position in Pacer Lunt Large Cap Alternator ETF in the first quarter valued at approximately $350,000. Finally, Envestnet Asset Management Inc. lifted its stake in Pacer Lunt Large Cap Alternator ETF by 27.7% in the third quarter. Envestnet Asset Management Inc. now owns 30,749 shares of the company’s stock valued at $1,306,000 after buying an additional 6,667 shares in the last quarter.

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.