Ergawealth Advisors Inc. Reduces Stake in Pacer Lunt Large Cap Alternator ETF $ALTL

Ergawealth Advisors Inc. lowered its stake in shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) by 12.5% during the second quarter, Holdings Channel reports. The firm owned 213,430 shares of the company’s stock after selling 30,403 shares during the period. Pacer Lunt Large Cap Alternator ETF makes up approximately 3.6% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 11th largest position. Ergawealth Advisors Inc. owned about 0.07% of Pacer Lunt Large Cap Alternator ETF worth $8,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Silver Oak Securities Incorporated grew its position in shares of Pacer Lunt Large Cap Alternator ETF by 11.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 71,057 shares of the company’s stock valued at $2,442,000 after buying an additional 7,242 shares during the last quarter. Lunt Capital Management Inc. boosted its stake in Pacer Lunt Large Cap Alternator ETF by 6.3% in the first quarter. Lunt Capital Management Inc. now owns 226,183 shares of the company’s stock valued at $7,874,000 after acquiring an additional 13,431 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 23.0% during the first quarter. Avantax Advisory Services Inc. now owns 29,940 shares of the company’s stock worth $1,042,000 after purchasing an additional 5,592 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the first quarter worth about $616,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 44.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 491,931 shares of the company’s stock valued at $17,124,000 after purchasing an additional 150,548 shares during the last quarter.

Pacer Lunt Large Cap Alternator ETF Stock Down 0.2%

Shares of NYSEARCA ALTL opened at $43.26 on Friday. The business has a 50-day moving average price of $40.84 and a 200 day moving average price of $37.23. The stock has a market cap of $110.31 million, a PE ratio of 21.07 and a beta of 0.91. Pacer Lunt Large Cap Alternator ETF has a 52-week low of $31.30 and a 52-week high of $43.74.

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.