Pacer US Cash Cows 100 ETF (BATS:COWZ) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Pacer US Cash Cows 100 ETF (BATS:COWZ)’s stock price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $69.75 and traded as low as $69.12. Pacer US Cash Cows 100 ETF shares last traded at $69.45, with a volume of 1,239,346 shares.

Pacer US Cash Cows 100 ETF Trading Down 0.5%

The stock has a market capitalization of $26.21 billion, a price-to-earnings ratio of 14.17 and a beta of 0.95. The business has a 50 day simple moving average of $69.75 and a 200-day simple moving average of $65.65.

Institutional Trading of Pacer US Cash Cows 100 ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. purchased a new stake in shares of Pacer US Cash Cows 100 ETF during the 3rd quarter worth approximately $26,000. Robbins Farley bought a new stake in shares of Pacer US Cash Cows 100 ETF in the 2nd quarter worth about $31,000. SouthState Bank Corp purchased a new stake in Pacer US Cash Cows 100 ETF in the first quarter valued at about $37,000. Kelleher Financial Advisors purchased a new stake in Pacer US Cash Cows 100 ETF during the 3rd quarter worth approximately $41,000. Finally, NBH Bank acquired a new position in Pacer US Cash Cows 100 ETF during the second quarter worth $40,000.

About Pacer US Cash Cows 100 ETF

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.