Summit Asset Management LLC Raises Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Summit Asset Management LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,860 shares of the company’s stock after purchasing an additional 345 shares during the period. Summit Asset Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $744,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Pacer US Cash Cows 100 ETF by 17.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,369 shares of the company’s stock valued at $79,000 after purchasing an additional 207 shares in the last quarter. Richardson Capital Management LLC grew its position in shares of Pacer US Cash Cows 100 ETF by 10.6% during the 3rd quarter. Richardson Capital Management LLC now owns 2,156 shares of the company’s stock valued at $125,000 after purchasing an additional 207 shares in the last quarter. Lodestone Wealth Management LLC grew its position in shares of Pacer US Cash Cows 100 ETF by 0.6% during the 2nd quarter. Lodestone Wealth Management LLC now owns 51,994 shares of the company’s stock valued at $2,833,000 after purchasing an additional 289 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Pacer US Cash Cows 100 ETF by 0.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 33,418 shares of the company’s stock valued at $1,821,000 after purchasing an additional 306 shares in the last quarter. Finally, Global Financial Private Client LLC grew its position in shares of Pacer US Cash Cows 100 ETF by 1.3% during the 2nd quarter. Global Financial Private Client LLC now owns 24,241 shares of the company’s stock valued at $1,321,000 after purchasing an additional 309 shares in the last quarter.

Pacer US Cash Cows 100 ETF Price Performance

BATS COWZ opened at $59.63 on Thursday. The company has a market cap of $24.53 billion, a P/E ratio of 8.66 and a beta of 0.79. The stock’s 50-day moving average is $57.64 and its two-hundred day moving average is $56.20.

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.