IFS Group LLC Takes $1.23 Million Position in Pacer Global Cash Cows Dividend ETF $GCOW

IFS Group LLC acquired a new stake in Pacer Global Cash Cows Dividend ETF (BATS:GCOW) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 26,693 shares of the company’s stock, valued at approximately $1,234,000. Pacer Global Cash Cows Dividend ETF accounts for 1.1% of IFS Group LLC’s holdings, making the stock its 27th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Pacer Global Cash Cows Dividend ETF by 2.7% during the 3rd quarter. Bank of America Corp DE now owns 7,601,822 shares of the company’s stock valued at $301,184,000 after acquiring an additional 201,869 shares during the period. LPL Financial LLC increased its stake in Pacer Global Cash Cows Dividend ETF by 6.6% during the fourth quarter. LPL Financial LLC now owns 3,301,076 shares of the company’s stock worth $136,070,000 after purchasing an additional 203,855 shares during the period. Raymond James Financial Inc. lifted its position in shares of Pacer Global Cash Cows Dividend ETF by 2.3% during the second quarter. Raymond James Financial Inc. now owns 1,986,356 shares of the company’s stock worth $75,422,000 after purchasing an additional 44,905 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Pacer Global Cash Cows Dividend ETF by 47.0% during the first quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock worth $78,966,000 after purchasing an additional 546,241 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Pacer Global Cash Cows Dividend ETF by 15.2% in the first quarter. Cetera Investment Advisers now owns 1,482,311 shares of the company’s stock valued at $68,542,000 after purchasing an additional 195,348 shares during the period.

Pacer Global Cash Cows Dividend ETF Stock Performance

BATS GCOW opened at $46.76 on Thursday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69. The firm has a 50 day simple moving average of $44.86 and a 200-day simple moving average of $45.24. Pacer Global Cash Cows Dividend ETF has a one year low of $37.96 and a one year high of $47.57.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.