Modern Wealth Management LLC Has $1.97 Million Holdings in Pacer Global Cash Cows Dividend ETF (BATS:GCOW)

Modern Wealth Management LLC decreased its position in Pacer Global Cash Cows Dividend ETF (BATS:GCOW) by 64.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,687 shares of the company’s stock after selling 98,869 shares during the period. Modern Wealth Management LLC owned about 0.10% of Pacer Global Cash Cows Dividend ETF worth $1,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GCOW. FMR LLC lifted its holdings in shares of Pacer Global Cash Cows Dividend ETF by 51.1% in the third quarter. FMR LLC now owns 3,778 shares of the company’s stock valued at $138,000 after purchasing an additional 1,278 shares in the last quarter. Captrust Financial Advisors acquired a new position in Pacer Global Cash Cows Dividend ETF during the third quarter valued at $219,000. Benjamin Edwards Inc. purchased a new stake in Pacer Global Cash Cows Dividend ETF in the 3rd quarter worth about $1,549,000. Hilltop Holdings Inc. acquired a new stake in Pacer Global Cash Cows Dividend ETF during the 3rd quarter worth about $413,000. Finally, HighTower Advisors LLC grew its stake in Pacer Global Cash Cows Dividend ETF by 26.2% during the 3rd quarter. HighTower Advisors LLC now owns 51,028 shares of the company’s stock valued at $1,867,000 after acquiring an additional 10,595 shares in the last quarter.

Pacer Global Cash Cows Dividend ETF Price Performance

BATS GCOW opened at $37.23 on Wednesday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 13.67 and a beta of 0.80. The company has a 50 day simple moving average of $35.86 and a 200-day simple moving average of $35.42. Pacer Global Cash Cows Dividend ETF has a 52-week low of $33.34 and a 52-week high of $37.71.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.