Investment Partners Asset Management Inc. Reduces Stake in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Investment Partners Asset Management Inc. lessened its holdings in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 10.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,311 shares of the company’s stock after selling 3,271 shares during the period. Pacer US Cash Cows 100 ETF accounts for approximately 1.2% of Investment Partners Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Investment Partners Asset Management Inc.’s holdings in Pacer US Cash Cows 100 ETF were worth $1,496,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in COWZ. Human Investing LLC acquired a new position in Pacer US Cash Cows 100 ETF in the fourth quarter valued at $27,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at about $28,000. Tucker Asset Management LLC boosted its position in shares of Pacer US Cash Cows 100 ETF by 127.8% in the 4th quarter. Tucker Asset Management LLC now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 294 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at about $37,000. Finally, Kestra Investment Management LLC purchased a new position in Pacer US Cash Cows 100 ETF during the 4th quarter worth approximately $41,000.

Pacer US Cash Cows 100 ETF Stock Down 3.7%

COWZ opened at $55.25 on Wednesday. Pacer US Cash Cows 100 ETF has a 52 week low of $46.64 and a 52 week high of $61.92. The business’s 50 day moving average is $52.23 and its two-hundred day moving average is $55.71. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 14.99 and a beta of 0.95.

About Pacer US Cash Cows 100 ETF

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.