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 traded.

Pacer Lunt Large Cap Alternator ETF Stock Performance

The firm has a market cap of $303.09 million, a PE ratio of 16.80 and a beta of 0.92. The company’s 50-day simple moving average is $38.47 and its two-hundred day simple moving average is $36.73.

Institutional Trading of Pacer Lunt Large Cap Alternator ETF

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp purchased a new stake in Pacer Lunt Large Cap Alternator ETF in the third quarter worth about $305,000. Atria Investments Inc lifted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 22.8% in the 3rd quarter. Atria Investments Inc now owns 11,956 shares of the company’s stock valued at $456,000 after purchasing an additional 2,220 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the second quarter valued at approximately $488,000. Jane Street Group LLC grew its stake in Pacer Lunt Large Cap Alternator ETF by 375.5% in the third 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 period. Finally, Silver Oak Securities Incorporated raised its holdings in Pacer Lunt Large Cap Alternator ETF by 439.6% in the third quarter. Silver Oak Securities Incorporated now owns 54,720 shares of the company’s stock worth $2,082,000 after purchasing an additional 44,580 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.