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

Pacer US Cash Cows 100 ETF (BATS:COWZ)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $68.62 and last traded at $68.23, with a volume of 95281 shares changing hands. The stock had previously closed at $68.17.

Pacer US Cash Cows 100 ETF Trading Up 0.2%

The stock has a market cap of $25.71 billion, a P/E ratio of 14.17 and a beta of 0.95. The business’s fifty day simple moving average is $64.35 and its 200 day simple moving average is $63.50.

Institutional Trading of Pacer US Cash Cows 100 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV raised its position in shares of Pacer US Cash Cows 100 ETF by 1,256.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 889,839 shares of the company’s stock worth $51,139,000 after purchasing an additional 824,222 shares during the period. Wilkerson Advisory Group LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at approximately $31,538,000. Tableaux LLC grew its position in shares of Pacer US Cash Cows 100 ETF by 238.1% in the 4th quarter. Tableaux LLC now owns 607,768 shares of the company’s stock valued at $36,569,000 after purchasing an additional 428,028 shares during the period. BNP Paribas Financial Markets increased its stake in Pacer US Cash Cows 100 ETF by 13,333,233.3% during the 4th quarter. BNP Paribas Financial Markets now owns 400,000 shares of the company’s stock worth $24,068,000 after purchasing an additional 399,997 shares in the last quarter. Finally, Decker Wealth Management LLC bought a new stake in Pacer US Cash Cows 100 ETF during the 1st quarter worth approximately $22,982,000.

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.