Sound Income Strategies LLC Takes $32,000 Position in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)

Sound Income Strategies LLC acquired a new stake in shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 920 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALTL. Silver Oak Securities Incorporated grew its holdings in Pacer Lunt Large Cap Alternator ETF by 528.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 36,672 shares of the company’s stock worth $1,233,000 after buying an additional 30,834 shares in the last quarter. Ergawealth Advisors Inc. grew its holdings in Pacer Lunt Large Cap Alternator ETF by 5.6% during the fourth quarter. Ergawealth Advisors Inc. now owns 213,622 shares of the company’s stock worth $7,184,000 after buying an additional 11,244 shares in the last quarter. Advisory Services Network LLC bought a new stake in Pacer Lunt Large Cap Alternator ETF during the fourth quarter worth $190,000. Tower Research Capital LLC TRC grew its stake in Pacer Lunt Large Cap Alternator ETF by 22.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 21,462 shares of the company’s stock valued at $739,000 after purchasing an additional 3,895 shares during the period. Finally, White Knight Strategic Wealth Advisors LLC grew its stake in Pacer Lunt Large Cap Alternator ETF by 9.1% in the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 18,933 shares of the company’s stock valued at $652,000 after purchasing an additional 1,583 shares during the period.

Pacer Lunt Large Cap Alternator ETF Price Performance

Shares of NYSEARCA:ALTL opened at $34.67 on Friday. The company has a market capitalization of $263.50 million, a PE ratio of 16.80 and a beta of 0.92. The business has a fifty day moving average price of $34.66 and a two-hundred day moving average price of $34.16. Pacer Lunt Large Cap Alternator ETF has a 1 year low of $31.04 and a 1 year high of $39.66.

Pacer Lunt Large Cap Alternator ETF 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.