Prosperity Wealth Management Inc. Has $1.37 Million Stock Holdings in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Prosperity Wealth Management Inc. lifted its position in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 15.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,255 shares of the company’s stock after purchasing an additional 4,825 shares during the quarter. Pacer Cash Cows Fund of Funds ETF accounts for approximately 0.9% of Prosperity Wealth Management Inc.’s holdings, making the stock its 21st biggest holding. Prosperity Wealth Management Inc. owned approximately 1.54% of Pacer Cash Cows Fund of Funds ETF worth $1,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in Pacer Cash Cows Fund of Funds ETF by 6.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,094 shares of the company’s stock worth $215,000 after purchasing an additional 347 shares during the period. Avantax Advisory Services Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 13.5% in the third quarter. Avantax Advisory Services Inc. now owns 8,074 shares of the company’s stock valued at $279,000 after buying an additional 962 shares during the period. Rockefeller Capital Management L.P. acquired a new position in Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at about $59,000. Stratos Wealth Partners LTD. boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 14.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 19,749 shares of the company’s stock worth $745,000 after buying an additional 2,566 shares during the last quarter. Finally, Retirement Group LLC acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth about $193,000.

Pacer Cash Cows Fund of Funds ETF Stock Performance

NASDAQ:HERD traded down $0.01 during trading hours on Wednesday, hitting $37.45. The stock had a trading volume of 3,131 shares, compared to its average volume of 12,179. The company has a market cap of $91.75 million, a price-to-earnings ratio of 6.68 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a one year low of $31.57 and a one year high of $39.56. The business’s 50 day moving average is $38.03 and its 200-day moving average is $36.31.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 25th were given a dividend of $0.1384 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, March 22nd.

About Pacer Cash Cows Fund of Funds ETF

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.