Pacer US Cash Cows 100 ETF (BATS:COWZ) Sets New 52-Week High – What’s Next?

Pacer US Cash Cows 100 ETF (BATS:COWZ)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.01 and last traded at $65.95, with a volume of 295400 shares trading hands. The stock had previously closed at $64.89.

Pacer US Cash Cows 100 ETF Trading Up 1.8%

The company has a 50-day simple moving average of $63.73 and a 200 day simple moving average of $63.15. The company has a market cap of $24.92 billion, a P/E ratio of 14.17 and a beta of 0.95.

Hedge Funds Weigh In On Pacer US Cash Cows 100 ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Northbridge Financial Group LLC acquired a new stake in Pacer US Cash Cows 100 ETF in the fourth quarter worth about $5,342,000. Breachway Investments LLC acquired a new position in Pacer US Cash Cows 100 ETF during the 4th quarter valued at approximately $2,716,000. Argo Wealth Advisory LLC purchased a new position in shares of Pacer US Cash Cows 100 ETF in the fourth quarter worth $10,752,000. Farther Finance Advisors LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 52.6% during the fourth quarter. Farther Finance Advisors LLC now owns 56,860 shares of the company’s stock worth $3,421,000 after buying an additional 19,603 shares during the period. Finally, Welch Financial Planning LLC acquired a new stake in shares of Pacer US Cash Cows 100 ETF during the fourth quarter worth $489,000.

Pacer US Cash Cows 100 ETF Company Profile

The Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that is based on the Pacer US Cash Cows 100 index. The fund tracks a free cash flow-weighted index of companies selected from the Russell 1000 Index. COWZ was launched on Dec 16, 2016 and is managed by Pacer.