Benjamin F. Edwards & Company Inc. reduced its holdings in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) by 41.7% during the fourth quarter, as reported by HoldingsChannel.com. The firm sold 6,542 shares, leaving them with 9,155 shares worth $308,000. Other hedge funds also made changes to their positions in the company, with Lincoln National Corp, White Knight Strategic Wealth Advisors LLC, Tower Research Capital LLC TRC, Silver Oak Securities Incorporated, and HighTower Advisors LLC all increasing their stakes in the ETF.
ALTL stock opened at $34.75 on Friday, with a 50-day simple moving average of $34.31 and a two-hundred day simple moving average of $33.57. The company has a market capitalization of $264.10 million, a P/E ratio of 16.80, and a beta of 0.92. Pacer Lunt Large Cap Alternator ETF has a 52-week low of $31.04 and a 52-week high of $39.66.
The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that primarily invests in large-cap equity. Managed by Pacer, 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.
DailyBubble’s perspective on the topic is that the changes in holdings by various hedge funds indicate a shifting interest in Pacer Lunt Large Cap Alternator ETF. This could be due to changing market conditions or investment strategies. It will be interesting to see how these changes impact the performance of the ETF in the future.