DailyBubble News
DailyBubble News

Atria Wealth Solutions Inc. Has $491,000 Holdings in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)

Atria Wealth Solutions Inc. recently reduced its holdings in the Pacer Lunt Large Cap Alternator ETF (ALTL) by 31.4% in the fourth quarter, selling 6,683 shares and bringing its total to 14,597 shares valued at $491,000 at the end of the quarter. Other major investors like Raymond James & Associates, Assetmark Inc., Ergawealth Advisors Inc., Lunt Capital Management Inc., and Lincoln National Corp. have also made moves with their stakes in ALTL.

ALTL, which primarily invests in large-cap equity, follows an index that shifts exposure between low volatility and high-beta US stocks based on momentum. Managed by Pacer, the fund was launched on June 24, 2020. The stock opened at $34.15 on Monday with a market capitalization of $259.54 million, a P/E ratio of 16.80, and a beta of 0.92. Its 50-day moving average price is $34.28 and its 200-day moving average price is $33.53, with a 52-week range of $31.04 to $39.66.

DailyBubble believes that the recent movements by major investors in ALTL reflect a shifting landscape in the market and could indicate potential opportunities or risks for the fund. It is important for investors to stay informed about such developments and monitor their investment portfolios accordingly.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x