NewEdge Advisors LLC Sells 36,960 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

NewEdge Advisors LLC lessened its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 9.9% in the fourth quarter, HoldingsChannel reports. The firm owned 335,468 shares of the company’s stock after selling 36,960 shares during the period. NewEdge Advisors LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $18,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. DecisionPoint Financial LLC purchased a new position in shares of Pacer US Cash Cows 100 ETF in the 4th quarter worth $26,000. Human Investing LLC purchased a new position in Pacer US Cash Cows 100 ETF in the fourth quarter worth about $27,000. Tucker Asset Management LLC boosted its position in Pacer US Cash Cows 100 ETF by 127.8% in the fourth quarter. Tucker Asset Management LLC now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 294 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Pacer US Cash Cows 100 ETF during the 4th quarter valued at about $37,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF during the 4th quarter valued at about $41,000.

Pacer US Cash Cows 100 ETF Trading Down 12.3 %

COWZ opened at $50.33 on Thursday. The firm’s 50 day simple moving average is $54.65 and its two-hundred day simple moving average is $57.10. The company has a market capitalization of $21.71 billion, a PE ratio of 13.11 and a beta of 0.97. Pacer US Cash Cows 100 ETF has a 1-year low of $46.64 and a 1-year high of $61.92.

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.