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

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) shares crossed 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 traded.

Pacer Lunt Large Cap Alternator ETF Trading Up 0.2 %

The stock’s 50 day moving average price is $38.51 and its two-hundred day moving average price is $36.77. The firm has a market capitalization of $303.09 million, a PE ratio of 16.80 and a beta of 0.92.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 375.5% during the 3rd quarter. Jane Street Group LLC now owns 37,549 shares of the company’s stock worth $1,433,000 after purchasing an additional 29,652 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Pacer Lunt Large Cap Alternator ETF during the third quarter valued at approximately $305,000. Atria Investments Inc boosted its position in Pacer Lunt Large Cap Alternator ETF by 22.8% during the third quarter. Atria Investments Inc now owns 11,956 shares of the company’s stock worth $456,000 after acquiring an additional 2,220 shares during the last quarter. Lunt Capital Management Inc. grew its stake in Pacer Lunt Large Cap Alternator ETF by 2.8% in the 3rd 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. Finally, Silver Oak Securities Incorporated raised its holdings in Pacer Lunt Large Cap Alternator ETF by 439.6% in the 3rd quarter. Silver Oak Securities Incorporated now owns 54,720 shares of the company’s stock valued at $2,082,000 after acquiring an additional 44,580 shares during 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.