Pacer US Cash Cows 100 ETF (BATS:COWZ) Hits New 52-Week High – What’s Next?

Pacer US Cash Cows 100 ETF (BATS:COWZ) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $71.45 and last traded at $71.42, with a volume of 36985 shares. The stock had previously closed at $70.42.

Pacer US Cash Cows 100 ETF Trading Up 2.3%

The company’s 50-day simple moving average is $65.24 and its 200 day simple moving average is $63.97. The stock has a market cap of $27.18 billion, a P/E ratio of 14.17 and a beta of 0.95.

Institutional Trading of Pacer US Cash Cows 100 ETF

A number of hedge funds have recently bought and sold shares of COWZ. Sequoia Financial Advisors LLC grew its stake in Pacer US Cash Cows 100 ETF by 1.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,824,648 shares of the company’s stock valued at $114,150,000 after purchasing an additional 23,487 shares during the period. Kestra Advisory Services LLC increased its holdings in Pacer US Cash Cows 100 ETF by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 1,729,166 shares of the company’s stock worth $108,177,000 after buying an additional 80,307 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Pacer US Cash Cows 100 ETF by 4.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 990,986 shares of the company’s stock worth $59,628,000 after acquiring an additional 38,779 shares during the period. Sfmg LLC raised its position in Pacer US Cash Cows 100 ETF by 2.9% in the fourth quarter. Sfmg LLC now owns 950,367 shares of the company’s stock worth $57,184,000 after acquiring an additional 26,453 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Pacer US Cash Cows 100 ETF by 0.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 898,123 shares of the company’s stock valued at $54,040,000 after acquiring an additional 8,284 shares during the last quarter.

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.