Stegent Equity Advisors Inc. Buys 35,473 Shares of Pacer US Cash Cows 100 ETF $COWZ

Stegent Equity Advisors Inc. boosted its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 691.9% in the first quarter, Holdings Channel reports. The firm owned 40,600 shares of the company’s stock after acquiring an additional 35,473 shares during the period. Pacer US Cash Cows 100 ETF comprises about 2.2% of Stegent Equity Advisors Inc.’s holdings, making the stock its 11th biggest position. Stegent Equity Advisors Inc.’s holdings in Pacer US Cash Cows 100 ETF were worth $2,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COWZ. Motiv8 Investments LLC acquired a new stake in shares of Pacer US Cash Cows 100 ETF in the fourth quarter worth $26,000. Field & Main Bank acquired a new position in Pacer US Cash Cows 100 ETF in the 4th quarter valued at $27,000. Harbor Investment Advisory LLC bought a new position in Pacer US Cash Cows 100 ETF in the 4th quarter worth $29,000. Colonial Trust Co SC raised its holdings in Pacer US Cash Cows 100 ETF by 175.6% in the 4th quarter. Colonial Trust Co SC now owns 496 shares of the company’s stock worth $30,000 after acquiring an additional 316 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its holdings in Pacer US Cash Cows 100 ETF by 1,217.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 527 shares of the company’s stock worth $29,000 after acquiring an additional 487 shares during the period.

Pacer US Cash Cows 100 ETF Price Performance

COWZ stock opened at $62.77 on Thursday. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 14.17 and a beta of 0.95. The company has a 50-day moving average of $63.33 and a two-hundred day moving average of $62.76. Pacer US Cash Cows 100 ETF has a 52-week low of $54.82 and a 52-week high of $65.64.

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.