Prosperity Wealth Management Inc. Has $1.37 Million Stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Prosperity Wealth Management Inc. boosted its holdings in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,255 shares of the company’s stock after purchasing an additional 4,825 shares during the quarter. Pacer Cash Cows Fund of Funds ETF comprises approximately 0.9% of Prosperity Wealth Management Inc.’s investment portfolio, making the stock its 21st largest holding. Prosperity Wealth Management Inc.’s holdings in Pacer Cash Cows Fund of Funds ETF were worth $1,368,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Rockefeller Capital Management L.P. purchased a new position in Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth $59,000. Retirement Group LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at about $193,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 6.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,094 shares of the company’s stock worth $215,000 after purchasing an additional 347 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Pacer Cash Cows Fund of Funds ETF by 13.5% in the 3rd quarter. Avantax Advisory Services Inc. now owns 8,074 shares of the company’s stock worth $279,000 after purchasing an additional 962 shares in the last quarter. Finally, Centric Wealth Management purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at about $371,000.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Shares of Pacer Cash Cows Fund of Funds ETF stock traded down $0.01 during mid-day trading on Wednesday, hitting $37.45. 3,131 shares of the stock were exchanged, compared to its average volume of 12,179. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $31.57 and a 12 month high of $39.56. The company has a 50-day simple moving average of $38.03 and a 200 day simple moving average of $36.31. The company has a market capitalization of $91.75 million, a P/E ratio of 6.68 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 25th were issued a dividend of $0.1384 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.55 dividend on an annualized basis and a yield of 1.48%.

Pacer Cash Cows Fund of Funds ETF Company Profile

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.