Envestnet Asset Management Inc. Sells 437,270 Shares of Pacer US Cash Cows 100 ETF $COWZ

Envestnet Asset Management Inc. cut its holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 10.6% in the third quarter, HoldingsChannel reports. The firm owned 3,670,402 shares of the company’s stock after selling 437,270 shares during the period. Envestnet Asset Management Inc.’s holdings in Pacer US Cash Cows 100 ETF were worth $210,938,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Soundwatch Capital LLC lifted its position in shares of Pacer US Cash Cows 100 ETF by 47,952.1% in the second quarter. Soundwatch Capital LLC now owns 2,539,074 shares of the company’s stock worth $139,903,000 after buying an additional 2,533,790 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Pacer US Cash Cows 100 ETF by 5.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,797,735 shares of the company’s stock valued at $103,316,000 after acquiring an additional 95,632 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in Pacer US Cash Cows 100 ETF by 7.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 965,357 shares of the company’s stock worth $53,191,000 after purchasing an additional 63,345 shares during the last quarter. Sfmg LLC boosted its position in Pacer US Cash Cows 100 ETF by 3.3% during the second quarter. Sfmg LLC now owns 893,734 shares of the company’s stock worth $49,245,000 after purchasing an additional 28,504 shares during the period. Finally, O Brien Wealth Partners LLC boosted its position in Pacer US Cash Cows 100 ETF by 0.7% during the third quarter. O Brien Wealth Partners LLC now owns 833,162 shares of the company’s stock worth $47,882,000 after purchasing an additional 5,497 shares during the period.

Pacer US Cash Cows 100 ETF Stock Up 9.5%

BATS:COWZ opened at $62.84 on Friday. Pacer US Cash Cows 100 ETF has a 12 month low of $46.64 and a 12 month high of $61.92. The firm has a market cap of $23.72 billion, a price-to-earnings ratio of 14.17 and a beta of 0.95. The company’s 50 day moving average is $61.34 and its 200-day moving average is $58.73.

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.