Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Hits New 1-Year High – Should You Buy?

Pacer Global Cash Cows Dividend ETF (BATS:GCOW)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.67 and last traded at $47.67, with a volume of 18131 shares trading hands. The stock had previously closed at $46.93.

Pacer Global Cash Cows Dividend ETF Trading Up 1.3%

The firm’s 50 day simple moving average is $45.06 and its two-hundred day simple moving average is $45.63. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69.

Institutional Investors Weigh In On Pacer Global Cash Cows Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Abound Wealth Management acquired a new stake in Pacer Global Cash Cows Dividend ETF during the second quarter worth approximately $27,000. Compass Financial Management LLC acquired a new position in Pacer Global Cash Cows Dividend ETF in the 2nd quarter valued at $30,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of Pacer Global Cash Cows Dividend ETF during the 1st quarter valued at $39,000. Larson Financial Group LLC grew its holdings in shares of Pacer Global Cash Cows Dividend ETF by 80.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,015 shares of the company’s stock worth $40,000 after purchasing an additional 454 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Pacer Global Cash Cows Dividend ETF by 60.0% during the 4th quarter. Private Trust Co. NA now owns 1,600 shares of the company’s stock worth $66,000 after purchasing an additional 600 shares in the last quarter.

Pacer Global Cash Cows Dividend ETF Company Profile

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.