Merit Financial Group LLC Has $977,000 Stock Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Merit Financial Group LLC lessened its holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 12.7% in the 4th quarter, Holdings Channel reports. The firm owned 18,796 shares of the company’s stock after selling 2,736 shares during the quarter. Merit Financial Group LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $977,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of COWZ. International Assets Investment Management LLC bought a new position in Pacer US Cash Cows 100 ETF during the fourth quarter valued at about $85,260,000. Envestnet Asset Management Inc. increased its holdings in Pacer US Cash Cows 100 ETF by 69.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,276,874 shares of the company’s stock valued at $161,976,000 after buying an additional 1,341,873 shares during the period. LPL Financial LLC grew its position in shares of Pacer US Cash Cows 100 ETF by 10.3% during the 3rd quarter. LPL Financial LLC now owns 13,217,124 shares of the company’s stock worth $653,322,000 after purchasing an additional 1,233,027 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Pacer US Cash Cows 100 ETF by 318.3% during the third quarter. Axxcess Wealth Management LLC now owns 1,434,276 shares of the company’s stock worth $70,896,000 after purchasing an additional 1,091,376 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Pacer US Cash Cows 100 ETF by 33.2% in the third quarter. Ameriprise Financial Inc. now owns 3,225,357 shares of the company’s stock valued at $159,047,000 after buying an additional 804,685 shares in the last quarter.

Pacer US Cash Cows 100 ETF Trading Up 0.3 %

COWZ opened at $54.78 on Monday. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79. The stock’s 50-day moving average is $55.94 and its two-hundred day moving average is $52.63.

Pacer US Cash Cows 100 ETF 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.