Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Hits New 1-Year High – Should You Buy?

Pacer Global Cash Cows Dividend ETF (BATS:GCOW)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.67 and last traded at $47.67, with a volume of 18131 shares. The stock had previously closed at $46.93.

Pacer Global Cash Cows Dividend ETF Trading Up 1.3%

The firm’s 50-day moving average price is $45.06 and its 200 day moving average price is $45.63. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Pacer Global Cash Cows Dividend ETF by 2.4% during the first quarter. Bank of America Corp DE now owns 8,118,813 shares of the company’s stock valued at $375,414,000 after purchasing an additional 191,858 shares in the last quarter. LPL Financial LLC increased its stake in shares of Pacer Global Cash Cows Dividend ETF by 6.6% in the 4th quarter. LPL Financial LLC now owns 3,301,076 shares of the company’s stock valued at $136,070,000 after purchasing an additional 203,855 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Pacer Global Cash Cows Dividend ETF by 2.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,986,356 shares of the company’s stock valued at $75,422,000 after purchasing an additional 44,905 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Pacer Global Cash Cows Dividend ETF by 47.0% during the 1st quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock worth $78,966,000 after buying an additional 546,241 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Pacer Global Cash Cows Dividend ETF by 15.2% during the 1st quarter. Cetera Investment Advisers now owns 1,482,311 shares of the company’s stock worth $68,542,000 after buying an additional 195,348 shares in the last quarter.

Pacer Global Cash Cows Dividend ETF Company Profile

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.