Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Down 0.1% – Here’s Why

Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) dropped 0.1% on Monday. The stock traded as low as $50.53 and last traded at $50.5750. 6,136 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 6,155 shares. The stock had previously closed at $50.62.

Pacer Cash Cows Fund of Funds ETF Stock Performance

The company has a market capitalization of $104.33 million, a PE ratio of 13.06 and a beta of 0.80. The firm has a fifty day simple moving average of $50.88 and a 200-day simple moving average of $48.99.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Friday, September 4th were given a $0.5476 dividend. This represents a $2.19 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, September 4th.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HERD. Rockefeller Capital Management L.P. increased its stake in Pacer Cash Cows Fund of Funds ETF by 288.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock valued at $12,231,000 after buying an additional 208,937 shares during the period. Envestnet Asset Management Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 3.0% in the second quarter. Envestnet Asset Management Inc. now owns 253,888 shares of the company’s stock valued at $11,949,000 after acquiring an additional 7,378 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Pacer Cash Cows Fund of Funds ETF by 12.0% during the 1st quarter. D.A. Davidson & CO. now owns 61,780 shares of the company’s stock worth $2,826,000 after purchasing an additional 6,612 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 2nd quarter valued at $161,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 124.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,931 shares of the company’s stock valued at $180,000 after purchasing an additional 2,178 shares during the last quarter.

About Pacer Cash Cows Fund of Funds ETF

The Pacer Cash Cows Fund of Funds ETF (HERD) is an exchange-traded fund that is based on the Pacer Cash Cows Fund of Funds index. The fund tracks an index of five equally-weighted funds focused on companies in developed markets with high free cash flow yields. HERD was launched on May 3, 2019 and is managed by Pacer.