Bay Capital Advisors LLC Purchases New Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Bay Capital Advisors LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) during the fourth quarter, Holdings Channel reports. The fund purchased 56,251 shares of the company’s stock, valued at approximately $3,177,000. Pacer US Cash Cows 100 ETF accounts for approximately 2.6% of Bay Capital Advisors LLC’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COWZ. Verition Fund Management LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF in the third quarter worth approximately $239,000. O Brien Wealth Partners LLC raised its holdings in shares of Pacer US Cash Cows 100 ETF by 5.2% during the fourth quarter. O Brien Wealth Partners LLC now owns 818,019 shares of the company’s stock valued at $46,202,000 after purchasing an additional 40,092 shares during the period. Brass Tax Wealth Management Inc. grew its stake in shares of Pacer US Cash Cows 100 ETF by 15.5% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 13,896 shares of the company’s stock valued at $804,000 after buying an additional 1,870 shares during the period. Wilmington Savings Fund Society FSB raised its stake in Pacer US Cash Cows 100 ETF by 1.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 556,948 shares of the company’s stock worth $31,456,000 after buying an additional 8,540 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its holdings in Pacer US Cash Cows 100 ETF by 851.3% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,075 shares of the company’s stock worth $61,000 after buying an additional 962 shares during the last quarter.

Pacer US Cash Cows 100 ETF Price Performance

Shares of COWZ stock opened at $55.59 on Tuesday. Pacer US Cash Cows 100 ETF has a one year low of $53.03 and a one year high of $61.92. The firm has a 50-day moving average of $57.15 and a 200-day moving average of $57.75. The company has a market cap of $24.18 billion, a P/E ratio of 13.17 and a beta of 1.03.

Pacer US Cash Cows 100 ETF 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.