Secure Asset Management LLC Invests $3.25 Million in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Secure Asset Management LLC acquired a new position in Pacer US Cash Cows 100 ETF (BATS:COWZ) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 59,687 shares of the company’s stock, valued at approximately $3,252,000.

Several other hedge funds have also recently bought and sold shares of COWZ. Fagan Associates Inc. grew its stake in shares of Pacer US Cash Cows 100 ETF by 0.6% in the fourth quarter. Fagan Associates Inc. now owns 31,797 shares of the company’s stock worth $1,653,000 after purchasing an additional 200 shares in the last quarter. OxenFree Capital LLC grew its position in Pacer US Cash Cows 100 ETF by 1.9% in the 1st quarter. OxenFree Capital LLC now owns 11,799 shares of the company’s stock valued at $686,000 after buying an additional 220 shares in the last quarter. Journey Strategic Wealth LLC increased its stake in Pacer US Cash Cows 100 ETF by 1.5% during the 4th quarter. Journey Strategic Wealth LLC now owns 15,240 shares of the company’s stock valued at $792,000 after buying an additional 226 shares during the period. Silver Oak Securities Incorporated raised its position in shares of Pacer US Cash Cows 100 ETF by 1.6% during the 4th quarter. Silver Oak Securities Incorporated now owns 16,444 shares of the company’s stock worth $855,000 after buying an additional 251 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 0.3% in the 1st quarter. Fiduciary Alliance LLC now owns 81,247 shares of the company’s stock worth $4,720,000 after acquiring an additional 282 shares during the period.

Pacer US Cash Cows 100 ETF Trading Up 2.1 %

Shares of Pacer US Cash Cows 100 ETF stock traded up $1.21 on Friday, hitting $57.56. The company had a trading volume of 1,966,631 shares. The stock has a market cap of $23.68 billion, a P/E ratio of 8.66 and a beta of 0.79. The business has a 50 day simple moving average of $55.24 and a 200-day simple moving average of $55.20.

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.