HighTower Advisors LLC Reduces Stock Holdings in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)

HighTower Advisors LLC lowered its stake in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) by 35.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,063 shares of the company’s stock after selling 5,071 shares during the quarter. HighTower Advisors LLC’s holdings in Pacer Lunt Large Cap Alternator ETF were worth $344,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Atria Investments Inc boosted its stake in shares of Pacer Lunt Large Cap Alternator ETF by 22.8% during 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 in the last quarter. Sanctuary Advisors LLC bought a new position in Pacer Lunt Large Cap Alternator ETF in the second quarter worth $488,000. Silver Oak Securities Incorporated lifted its position in Pacer Lunt Large Cap Alternator ETF by 439.6% during 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 period. Envestnet Asset Management Inc. lifted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 67,325 shares of the company’s stock valued at $2,327,000 after purchasing an additional 1,550 shares during the last quarter. Finally, SPC Financial Inc. raised its stake in Pacer Lunt Large Cap Alternator ETF by 8.0% during the second quarter. SPC Financial Inc. now owns 106,730 shares of the company’s stock valued at $3,689,000 after buying an additional 7,934 shares during the last quarter.

Pacer Lunt Large Cap Alternator ETF Price Performance

Shares of Pacer Lunt Large Cap Alternator ETF stock opened at $37.45 on Monday. The firm’s 50-day moving average is $38.63 and its 200 day moving average is $37.16. The stock has a market cap of $284.62 million, a price-to-earnings ratio of 16.80 and a beta of 0.92. Pacer Lunt Large Cap Alternator ETF has a 1 year low of $32.45 and a 1 year high of $40.00.

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.