Investment Partners Asset Management Inc. Buys 1,489 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

Investment Partners Asset Management Inc. boosted its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,582 shares of the company’s stock after purchasing an additional 1,489 shares during the quarter. Pacer US Cash Cows 100 ETF comprises approximately 1.4% of Investment Partners Asset Management Inc.’s holdings, making the stock its 17th largest holding. Investment Partners Asset Management Inc.’s holdings in Pacer US Cash Cows 100 ETF were worth $1,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in COWZ. Avidian Wealth Enterprises LLC raised its holdings in shares of Pacer US Cash Cows 100 ETF by 68.5% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,359 shares of the company’s stock worth $585,000 after acquiring an additional 4,210 shares in the last quarter. Atlas Wealth Partners LLC increased its position in Pacer US Cash Cows 100 ETF by 14.3% in the fourth quarter. Atlas Wealth Partners LLC now owns 36,987 shares of the company’s stock worth $2,096,000 after purchasing an additional 4,639 shares during the last quarter. Perissos Private Wealth Management LLC raised its stake in Pacer US Cash Cows 100 ETF by 12.1% during the fourth quarter. Perissos Private Wealth Management LLC now owns 117,268 shares of the company’s stock valued at $6,623,000 after purchasing an additional 12,654 shares in the last quarter. Sovran Advisors LLC bought a new position in Pacer US Cash Cows 100 ETF during the fourth quarter valued at $5,398,000. Finally, Focus Financial Network Inc. grew its stake in shares of Pacer US Cash Cows 100 ETF by 15.9% in the 4th quarter. Focus Financial Network Inc. now owns 69,549 shares of the company’s stock worth $3,944,000 after buying an additional 9,538 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

Pacer US Cash Cows 100 ETF stock opened at $57.13 on Thursday. The business has a fifty day simple moving average of $58.04 and a 200-day simple moving average of $57.71. The company has a market cap of $23.51 billion, a P/E ratio of 8.66 and a beta of 0.79.

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.