Raymond James Financial Inc. Invests $6.68 Million in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)

Raymond James Financial Inc. purchased a new position in shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) during the fourth quarter, HoldingsChannel reports. The firm purchased 179,642 shares of the company’s stock, valued at approximately $6,677,000.

A number of other hedge funds also recently modified their holdings of the business. Ergawealth Advisors Inc. lifted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 1.8% during the fourth quarter. Ergawealth Advisors Inc. now owns 240,844 shares of the company’s stock worth $8,952,000 after purchasing an additional 4,152 shares during the period. Lunt Capital Management Inc. lifted its holdings in Pacer Lunt Large Cap Alternator ETF by 7.0% in the fourth quarter. Lunt Capital Management Inc. now owns 212,752 shares of the company’s stock valued at $7,908,000 after buying an additional 13,944 shares during the period. Silver Oak Securities Incorporated lifted its holdings in Pacer Lunt Large Cap Alternator ETF by 16.6% in the fourth quarter. Silver Oak Securities Incorporated now owns 63,815 shares of the company’s stock valued at $2,366,000 after buying an additional 9,095 shares during the period. Jane Street Group LLC lifted its holdings 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 valued at $1,433,000 after buying an additional 29,652 shares during the period. Finally, Stifel Financial Corp acquired a new position in Pacer Lunt Large Cap Alternator ETF in the third quarter valued at $305,000.

Pacer Lunt Large Cap Alternator ETF Stock Down 0.7 %

ALTL stock opened at $33.91 on Monday. The firm has a market cap of $135.64 million, a price-to-earnings ratio of 23.60 and a beta of 0.95. Pacer Lunt Large Cap Alternator ETF has a 12-month low of $33.29 and a 12-month high of $40.01. The company’s fifty day simple moving average is $36.98 and its 200 day simple moving average is $37.80.

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.