Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Up 0.6% – Time to Buy?

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shot up 0.6% on Friday . The company traded as high as $39.03 and last traded at $38.93. 8,573 shares traded hands during trading, a decline of 33% from the average session volume of 12,834 shares. The stock had previously closed at $38.71.

Pacer Cash Cows Fund of Funds ETF Stock Performance

The company has a market capitalization of $93.43 million, a price-to-earnings ratio of 7.15 and a beta of 1.00. The business’s 50 day moving average price is $39.11 and its two-hundred day moving average price is $38.88.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were given a $0.1612 dividend. The ex-dividend date was Monday, December 30th.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

Several hedge funds and other institutional investors have recently modified their holdings of HERD. MML Investors Services LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at $217,000. Rockefeller Capital Management L.P. increased its stake in Pacer Cash Cows Fund of Funds ETF by 20.9% in the third quarter. Rockefeller Capital Management L.P. now owns 72,901 shares of the company’s stock valued at $2,919,000 after acquiring an additional 12,589 shares during the period. Centric Wealth Management raised its position in Pacer Cash Cows Fund of Funds ETF by 22.1% in the third quarter. Centric Wealth Management now owns 57,734 shares of the company’s stock worth $2,308,000 after purchasing an additional 10,464 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 12.1% during the third quarter. D.A. Davidson & CO. now owns 21,405 shares of the company’s stock worth $857,000 after purchasing an additional 2,315 shares during the period. Finally, Mirae Asset Securities USA Inc. bought a new position in Pacer Cash Cows Fund of Funds ETF during the third quarter worth about $1,459,000.

Pacer Cash Cows Fund of Funds ETF Company Profile

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.