Ergawealth Advisors Inc. Boosts Position in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)

Ergawealth Advisors Inc. increased its stake in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,844 shares of the company’s stock after acquiring an additional 4,152 shares during the quarter. Pacer Lunt Large Cap Alternator ETF accounts for approximately 4.4% of Ergawealth Advisors Inc.’s portfolio, making the stock its 10th largest position. Ergawealth Advisors Inc.’s holdings in Pacer Lunt Large Cap Alternator ETF were worth $8,952,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Atria Investments Inc raised its stake in 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 worth $456,000 after buying an additional 2,220 shares during the period. Stifel Financial Corp bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the third quarter valued at approximately $305,000. Jane Street Group LLC increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 375.5% during the third quarter. Jane Street Group LLC now owns 37,549 shares of the company’s stock valued at $1,433,000 after acquiring an additional 29,652 shares in the last quarter. Lunt Capital Management Inc. raised its position in shares of Pacer Lunt Large Cap Alternator ETF by 7.0% during the fourth quarter. Lunt Capital Management Inc. now owns 212,752 shares of the company’s stock worth $7,908,000 after purchasing an additional 13,944 shares during the period. Finally, Silver Oak Securities Incorporated lifted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 16.6% in the 4th quarter. Silver Oak Securities Incorporated now owns 63,815 shares of the company’s stock worth $2,366,000 after purchasing an additional 9,095 shares in the last quarter.

Pacer Lunt Large Cap Alternator ETF Trading Down 3.7 %

Shares of ALTL stock opened at $35.87 on Friday. The firm has a fifty day simple moving average of $38.01 and a two-hundred day simple moving average of $38.11. Pacer Lunt Large Cap Alternator ETF has a 12 month low of $33.28 and a 12 month high of $40.01. The firm has a market capitalization of $147.07 million, a PE ratio of 25.39 and a beta of 0.94.

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.