MMA Asset Management LLC Cuts Stock Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

MMA Asset Management LLC lessened its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 44.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,276 shares of the company’s stock after selling 72,377 shares during the quarter. Pacer US Cash Cows 100 ETF makes up about 2.3% of MMA Asset Management LLC’s portfolio, making the stock its 11th biggest holding. MMA Asset Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $5,155,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bridges Investment Management Inc. purchased a new stake in Pacer US Cash Cows 100 ETF in the 4th quarter worth $210,000. Heritage Wealth Management Inc. increased its holdings in Pacer US Cash Cows 100 ETF by 5.7% in the 4th quarter. Heritage Wealth Management Inc. now owns 20,501 shares of the company’s stock worth $1,158,000 after acquiring an additional 1,098 shares in the last quarter. WR Wealth Planners LLC increased its holdings in Pacer US Cash Cows 100 ETF by 4.1% in the 4th quarter. WR Wealth Planners LLC now owns 445,126 shares of the company’s stock worth $25,141,000 after acquiring an additional 17,376 shares in the last quarter. Ergawealth Advisors Inc. grew its holdings in shares of Pacer US Cash Cows 100 ETF by 4.4% during the fourth quarter. Ergawealth Advisors Inc. now owns 20,374 shares of the company’s stock worth $1,151,000 after buying an additional 865 shares in the last quarter. Finally, Financial Security Advisor Inc. grew its holdings in shares of Pacer US Cash Cows 100 ETF by 351.0% during the fourth quarter. Financial Security Advisor Inc. now owns 15,603 shares of the company’s stock worth $885,000 after buying an additional 12,143 shares in the last quarter.

Pacer US Cash Cows 100 ETF Price Performance

Pacer US Cash Cows 100 ETF stock opened at $57.25 on Friday. The stock has a market capitalization of $25.11 billion, a price-to-earnings ratio of 13.11 and a beta of 1.03. The business’s 50-day simple moving average is $57.66 and its two-hundred day simple moving average is $57.90.

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.