ZEGA Investments LLC Purchases New Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

ZEGA Investments LLC acquired a new position in Pacer US Cash Cows 100 ETF (BATS:COWZ) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 20,081 shares of the company’s stock, valued at approximately $1,178,000.

Several other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Pacer US Cash Cows 100 ETF in the fourth quarter worth $867,906,000. Janney Montgomery Scott LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF during the 4th quarter valued at about $81,029,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF during the 4th quarter valued at about $30,897,000. Matauro LLC bought a new position in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at about $22,557,000. Finally, Synovus Financial Corp grew its position in Pacer US Cash Cows 100 ETF by 213.7% in the third quarter. Synovus Financial Corp now owns 525,452 shares of the company’s stock worth $30,387,000 after acquiring an additional 357,941 shares in the last quarter.

Pacer US Cash Cows 100 ETF Price Performance

Shares of BATS COWZ opened at $54.99 on Friday. Pacer US Cash Cows 100 ETF has a 1-year low of $53.03 and a 1-year high of $61.92. The business’s 50 day moving average is $57.17 and its two-hundred day moving average is $57.77. The stock has a market capitalization of $23.92 billion, a P/E ratio of 13.17 and a beta of 1.03.

About Pacer US Cash Cows 100 ETF

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.