Belpointe Asset Management LLC Invests $80,000 in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL)

Belpointe Asset Management LLC purchased a new position in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,978 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Leavell Investment Management Inc. purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the fourth quarter worth about $277,000. Lincoln National Corp increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 3.6% in the fourth quarter. Lincoln National Corp now owns 21,721 shares of the company’s stock worth $879,000 after purchasing an additional 756 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 16.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 18,624 shares of the company’s stock worth $754,000 after purchasing an additional 2,568 shares during the period. PFG Advisors increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 16.0% in the fourth quarter. PFG Advisors now owns 346,079 shares of the company’s stock worth $14,002,000 after purchasing an additional 47,687 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 86.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 192,832 shares of the company’s stock worth $7,802,000 after purchasing an additional 89,514 shares during the period.

Pacer Lunt Large Cap Alternator ETF Stock Performance

Pacer Lunt Large Cap Alternator ETF stock opened at $35.41 on Friday. Pacer Lunt Large Cap Alternator ETF has a fifty-two week low of $34.16 and a fifty-two week high of $45.44. The stock has a market cap of $779.02 million, a P/E ratio of 15.62 and a beta of 0.91. The firm’s fifty day moving average price is $36.37 and its 200-day moving average price is $38.80.

Pacer Lunt Large Cap Alternator ETF Company Profile

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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.