Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Trading 0.9% Higher – Here’s Why

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shares traded up 0.9% during mid-day trading on Friday . The stock traded as high as $46.81 and last traded at $46.81. 8,885 shares changed hands during trading, an increase of 10% from the average session volume of 8,086 shares. The stock had previously closed at $46.39.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.9%

The firm has a market capitalization of $88.94 million, a P/E ratio of 13.06 and a beta of 0.89. The company has a 50 day simple moving average of $45.01 and a two-hundred day simple moving average of $43.30.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in Pacer Cash Cows Fund of Funds ETF by 195.3% in the 4th quarter. Jane Street Group LLC now owns 40,024 shares of the company’s stock worth $1,739,000 after purchasing an additional 26,469 shares in the last quarter. Obermeyer Wealth Partners bought a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the second quarter worth about $791,000. D.A. Davidson & CO. increased its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 38.9% in the fourth quarter. D.A. Davidson & CO. now owns 55,168 shares of the company’s stock worth $2,398,000 after purchasing an additional 15,446 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 4.6% in the third quarter. Envestnet Asset Management Inc. now owns 228,052 shares of the company’s stock worth $9,660,000 after buying an additional 9,936 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 11.6% in the third quarter. Clear Creek Financial Management LLC now owns 71,143 shares of the company’s stock worth $3,014,000 after buying an additional 7,415 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Company Profile

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.