Waverly Advisors LLC Reduces Stock Position in Pacer US Cash Cows 100 ETF $COWZ

Waverly Advisors LLC decreased its position in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 30.0% in the 1st quarter, HoldingsChannel reports. The firm owned 65,035 shares of the company’s stock after selling 27,855 shares during the period. Waverly Advisors LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $4,069,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP purchased a new stake in shares of Pacer US Cash Cows 100 ETF during the second quarter worth about $268,000. Qube Research & Technologies Ltd raised its position in shares of Pacer US Cash Cows 100 ETF by 8.4% in the second quarter. Qube Research & Technologies Ltd now owns 114,231 shares of the company’s stock valued at $6,294,000 after buying an additional 8,807 shares during the last quarter. NCM Capital Management LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 2.4% during the second quarter. NCM Capital Management LLC now owns 41,532 shares of the company’s stock valued at $2,291,000 after buying an additional 954 shares during the period. Ausdal Financial Partners Inc. lifted its stake in shares of Pacer US Cash Cows 100 ETF by 8.1% during the second quarter. Ausdal Financial Partners Inc. now owns 302,611 shares of the company’s stock valued at $16,674,000 after buying an additional 22,578 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in Pacer US Cash Cows 100 ETF by 1.1% during the second quarter. Benjamin Edwards Inc. now owns 69,713 shares of the company’s stock worth $3,841,000 after acquiring an additional 792 shares during the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ stock opened at $67.52 on Wednesday. The company has a 50 day moving average price of $63.86 and a two-hundred day moving average price of $63.23. The stock has a market capitalization of $25.48 billion, a P/E ratio of 14.17 and a beta of 0.95. Pacer US Cash Cows 100 ETF has a one year low of $54.82 and a one year high of $67.67.

Pacer US Cash Cows 100 ETF Company Profile

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.