Penobscot Wealth Management Purchases 4,061 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

Penobscot Wealth Management boosted its position in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 5.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 72,986 shares of the company’s stock after purchasing an additional 4,061 shares during the quarter. Pacer US Cash Cows 100 ETF accounts for 1.9% of Penobscot Wealth Management’s holdings, making the stock its 9th largest holding. Penobscot Wealth Management’s holdings in Pacer US Cash Cows 100 ETF were worth $4,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Pacer US Cash Cows 100 ETF by 6.1% in the third quarter. LPL Financial LLC now owns 19,767,214 shares of the company’s stock valued at $1,143,138,000 after acquiring an additional 1,132,656 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Pacer US Cash Cows 100 ETF in the fourth quarter valued at $867,906,000. Avantax Advisory Services Inc. lifted its stake in shares of Pacer US Cash Cows 100 ETF by 5.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,633,540 shares of the company’s stock worth $148,742,000 after purchasing an additional 139,206 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Pacer US Cash Cows 100 ETF by 10.2% during the third quarter. Stifel Financial Corp now owns 1,867,702 shares of the company’s stock worth $108,009,000 after purchasing an additional 172,652 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 4.1% during the third quarter. HighTower Advisors LLC now owns 1,799,981 shares of the company’s stock worth $104,084,000 after purchasing an additional 70,617 shares in the last quarter.

Pacer US Cash Cows 100 ETF Price Performance

Shares of COWZ opened at $54.20 on Thursday. The stock’s 50-day moving average is $57.47 and its two-hundred day moving average is $57.90. The stock has a market cap of $23.77 billion, a PE ratio of 13.11 and a beta of 1.03. Pacer US Cash Cows 100 ETF has a 12 month low of $53.03 and a 12 month high of $61.92.

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.