Modern Wealth Management LLC Sells 76,806 Shares of Pacer US Cash Cows 100 ETF $COWZ

Modern Wealth Management LLC lessened its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 721,438 shares of the company’s stock after selling 76,806 shares during the period. Modern Wealth Management LLC owned 0.19% of Pacer US Cash Cows 100 ETF worth $41,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Compass Financial Services Inc increased its position in shares of Pacer US Cash Cows 100 ETF by 85.2% in the third quarter. Compass Financial Services Inc now owns 463 shares of the company’s stock worth $27,000 after purchasing an additional 213 shares during the period. Newbridge Financial Services Group Inc. increased 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 valued at $29,000 after buying an additional 487 shares during the period. GAMMA Investing LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC acquired a new stake in shares of Pacer US Cash Cows 100 ETF during the 2nd quarter worth approximately $40,000. Finally, Missouri Trust & Investment Co acquired a new position in Pacer US Cash Cows 100 ETF during the third quarter valued at approximately $49,000.

Pacer US Cash Cows 100 ETF Stock Performance

Shares of COWZ opened at $63.50 on Friday. Pacer US Cash Cows 100 ETF has a 52-week low of $46.64 and a 52-week high of $64.97. The firm has a market cap of $23.96 billion, a price-to-earnings ratio of 14.17 and a beta of 0.95. The business’s fifty day moving average is $62.76 and its 200-day moving average is $59.88.

About Pacer US Cash Cows 100 ETF

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.