Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Stock Price Up 0.9% – Still a Buy?

Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) were up 0.9% during trading on Thursday . The company traded as high as $48.61 and last traded at $48.61. 1,484 shares traded hands during trading, a decline of 80% from the average session volume of 7,313 shares. The stock had previously closed at $48.17.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.9%

The stock’s fifty day simple moving average is $47.79 and its 200-day simple moving average is $46.57. The company has a market capitalization of $97.22 million, a PE ratio of 13.06 and a beta of 0.78.

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

Several hedge funds have recently bought and sold shares of HERD. Rockefeller Capital Management L.P. boosted its position in Pacer Cash Cows Fund of Funds ETF by 288.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock worth $12,231,000 after purchasing an additional 208,937 shares in the last quarter. LPL Financial LLC grew its holdings in Pacer Cash Cows Fund of Funds ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 224,658 shares of the company’s stock valued at $9,763,000 after purchasing an additional 4,880 shares during the last quarter. Clear Creek Financial Management LLC increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 3.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 73,490 shares of the company’s stock valued at $3,194,000 after buying an additional 2,347 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 30.8% during the 4th quarter. Osaic Holdings Inc. now owns 70,513 shares of the company’s stock worth $3,065,000 after buying an additional 16,595 shares during the last quarter. Finally, Centric Wealth Management boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 5.9% in the 4th quarter. Centric Wealth Management now owns 64,390 shares of the company’s stock worth $2,925,000 after buying an additional 3,613 shares in the last quarter.

About Pacer Cash Cows Fund of Funds ETF

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.