Smith Moore & CO. Sells 28,514 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

Smith Moore & CO. lowered its holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 8.4% in the fourth quarter, HoldingsChannel reports. The firm owned 312,801 shares of the company’s stock after selling 28,514 shares during the period. Pacer US Cash Cows 100 ETF comprises about 1.6% of Smith Moore & CO.’s portfolio, making the stock its 9th largest holding. Smith Moore & CO.’s holdings in Pacer US Cash Cows 100 ETF were worth $17,667,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of COWZ. Thoroughbred Financial Services LLC raised its position in shares of Pacer US Cash Cows 100 ETF by 3.9% in the 4th quarter. Thoroughbred Financial Services LLC now owns 500,238 shares of the company’s stock valued at $28,253,000 after purchasing an additional 18,765 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of Pacer US Cash Cows 100 ETF by 78.0% in the fourth quarter. Arete Wealth Advisors LLC now owns 7,494 shares of the company’s stock worth $423,000 after buying an additional 3,284 shares during the last quarter. World Investment Advisors raised its holdings in Pacer US Cash Cows 100 ETF by 2.3% in the fourth quarter. World Investment Advisors now owns 163,668 shares of the company’s stock valued at $9,244,000 after acquiring an additional 3,645 shares in the last quarter. Pacific Wealth Management boosted its stake in Pacer US Cash Cows 100 ETF by 0.8% during the 4th quarter. Pacific Wealth Management now owns 165,749 shares of the company’s stock valued at $9,361,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Allie Family Office LLC grew its holdings in Pacer US Cash Cows 100 ETF by 14.4% during the 4th quarter. Allie Family Office LLC now owns 19,192 shares of the company’s stock worth $1,085,000 after acquiring an additional 2,419 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ opened at $51.83 on Friday. The company has a market capitalization of $22.36 billion, a P/E ratio of 13.11 and a beta of 0.97. The company has a 50-day moving average of $56.57 and a 200-day moving average of $57.69. Pacer US Cash Cows 100 ETF has a 1-year low of $51.62 and a 1-year high of $61.92.

Pacer US Cash Cows 100 ETF Company 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.