Financial Advocates Investment Management Has $680,000 Stake in Pacer Global Cash Cows Dividend ETF $GCOW

Financial Advocates Investment Management lowered its holdings in Pacer Global Cash Cows Dividend ETF (BATS:GCOW) by 19.1% in the second quarter, HoldingsChannel.com reports. The firm owned 17,911 shares of the company’s stock after selling 4,220 shares during the quarter. Financial Advocates Investment Management’s holdings in Pacer Global Cash Cows Dividend ETF were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC raised its position in shares of Pacer Global Cash Cows Dividend ETF by 3,777.3% in the second quarter. Laurel Wealth Advisors LLC now owns 2,776,709 shares of the company’s stock valued at $105,432,000 after buying an additional 2,705,095 shares in the last quarter. LPL Financial LLC grew its position in Pacer Global Cash Cows Dividend ETF by 13.0% during the first quarter. LPL Financial LLC now owns 2,771,142 shares of the company’s stock worth $102,477,000 after buying an additional 317,745 shares in the last quarter. Raymond James Financial Inc. increased its stake in Pacer Global Cash Cows Dividend ETF by 17.1% during the 1st quarter. Raymond James Financial Inc. now owns 1,941,451 shares of the company’s stock worth $71,795,000 after acquiring an additional 284,177 shares during the period. Royal Bank of Canada raised its holdings in Pacer Global Cash Cows Dividend ETF by 3.4% in the 1st quarter. Royal Bank of Canada now owns 894,775 shares of the company’s stock valued at $33,089,000 after acquiring an additional 29,796 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Pacer Global Cash Cows Dividend ETF by 0.3% in the 1st quarter. Cetera Investment Advisers now owns 395,140 shares of the company’s stock valued at $14,612,000 after acquiring an additional 1,285 shares in the last quarter.

Pacer Global Cash Cows Dividend ETF Stock Performance

GCOW opened at $41.35 on Thursday. The firm has a market cap of $2.52 billion, a P/E ratio of 12.82 and a beta of 0.69. Pacer Global Cash Cows Dividend ETF has a 52-week low of $32.52 and a 52-week high of $39.69. The business’s fifty day moving average is $40.07 and its 200-day moving average is $39.14.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.