Ballast Inc. Grows Stake in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Ballast Inc. increased its holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 2.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 239,684 shares of the company’s stock after purchasing an additional 6,747 shares during the quarter. Pacer US Cash Cows 100 ETF accounts for about 3.9% of Ballast Inc.’s holdings, making the stock its 6th biggest holding. Ballast Inc.’s holdings in Pacer US Cash Cows 100 ETF were worth $13,861,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. American Capital Advisory LLC purchased a new stake in Pacer US Cash Cows 100 ETF during the 2nd quarter worth approximately $26,000. GoalVest Advisory LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF during the second quarter valued at $29,000. Central Bank & Trust Co. acquired a new position in shares of Pacer US Cash Cows 100 ETF in the 2nd quarter valued at $31,000. Strategic Financial Concepts LLC raised its stake in Pacer US Cash Cows 100 ETF by 260.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 58,613 shares of the company’s stock worth $32,000 after acquiring an additional 42,367 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Pacer US Cash Cows 100 ETF by 137.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 692 shares of the company’s stock worth $38,000 after acquiring an additional 400 shares during the period.

Pacer US Cash Cows 100 ETF Price Performance

Shares of BATS COWZ opened at $58.77 on Friday. The stock has a market capitalization of $24.18 billion, a P/E ratio of 8.66 and a beta of 0.79. The business’s 50-day moving average price is $56.96 and its two-hundred day moving average price is $55.96.

Pacer US Cash Cows 100 ETF Company 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.