Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Trading 0.6% Higher – Here’s Why

Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) were up 0.6% during trading on Friday . The stock traded as high as $39.03 and last traded at $38.93. Approximately 8,573 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 12,834 shares. The stock had previously closed at $38.71.

Pacer Cash Cows Fund of Funds ETF Price Performance

The stock’s 50 day simple moving average is $39.11 and its two-hundred day simple moving average is $38.88. The stock has a market capitalization of $93.43 million, a PE ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were issued a dividend of $0.1612 per share. The ex-dividend date was Monday, December 30th.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Several hedge funds have recently made changes to their positions in the company. MML Investors Services LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter worth about $217,000. Envestnet Asset Management Inc. increased its stake in shares of Pacer Cash Cows Fund of Funds ETF by 17.6% in the second quarter. Envestnet Asset Management Inc. now owns 187,962 shares of the company’s stock worth $6,986,000 after purchasing an additional 28,120 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 20.9% in the third quarter. Rockefeller Capital Management L.P. now owns 72,901 shares of the company’s stock valued at $2,919,000 after purchasing an additional 12,589 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 15.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,423 shares of the company’s stock valued at $1,018,000 after purchasing an additional 3,490 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 9.8% in the 2nd quarter. Cetera Investment Advisers now owns 158,065 shares of the company’s stock worth $5,875,000 after buying an additional 14,113 shares during the period.

About Pacer Cash Cows Fund of Funds ETF

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.