Wells Fargo & Company MN Raises Stake in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Wells Fargo & Company MN grew its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,498,765 shares of the company’s stock after buying an additional 822,076 shares during the period. Wells Fargo & Company MN owned 3.39% of Pacer US Cash Cows 100 ETF worth $493,841,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Pacer US Cash Cows 100 ETF in the fourth quarter valued at approximately $85,260,000. Envestnet Asset Management Inc. grew its position in shares of Pacer US Cash Cows 100 ETF by 69.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,276,874 shares of the company’s stock worth $161,976,000 after acquiring an additional 1,341,873 shares in the last quarter. LPL Financial LLC grew its position in shares of Pacer US Cash Cows 100 ETF by 10.3% during the 3rd quarter. LPL Financial LLC now owns 13,217,124 shares of the company’s stock valued at $653,322,000 after buying an additional 1,233,027 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in Pacer US Cash Cows 100 ETF by 318.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,434,276 shares of the company’s stock valued at $70,896,000 after purchasing an additional 1,091,376 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Pacer US Cash Cows 100 ETF by 33.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,225,357 shares of the company’s stock valued at $159,047,000 after acquiring an additional 804,685 shares during the period.

Pacer US Cash Cows 100 ETF Stock Up 0.3 %

Pacer US Cash Cows 100 ETF stock traded up $0.15 during trading hours on Monday, hitting $56.06. The company had a trading volume of 1,767,047 shares. The company’s fifty day moving average is $56.21 and its two-hundred day moving average is $53.17. The firm has a market capitalization of $23.07 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79.

Pacer US Cash Cows 100 ETF 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.