Convergence Financial LLC Acquires Shares of 7,091 Pacer Cash Cows Fund of Funds ETF $HERD

Convergence Financial LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,091 shares of the company’s stock, valued at approximately $282,000. Convergence Financial LLC owned 0.34% of Pacer Cash Cows Fund of Funds ETF as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HERD. Clear Creek Financial Management LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the 2nd quarter valued at $2,538,000. Jane Street Group LLC lifted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 381.1% in the first quarter. Jane Street Group LLC now owns 30,700 shares of the company’s stock valued at $1,150,000 after buying an additional 24,319 shares in the last quarter. Obermeyer Wealth Partners acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF during the second quarter valued at about $791,000. Envestnet Asset Management Inc. grew its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 7.3% during the first quarter. Envestnet Asset Management Inc. now owns 217,728 shares of the company’s stock valued at $8,156,000 after buying an additional 14,831 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 23.4% during the first quarter. Avantax Advisory Services Inc. now owns 26,944 shares of the company’s stock worth $1,009,000 after acquiring an additional 5,101 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Shares of NASDAQ HERD opened at $42.66 on Thursday. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $32.28 and a fifty-two week high of $43.29. The stock has a market cap of $87.45 million, a price-to-earnings ratio of 13.06 and a beta of 0.89. The firm’s 50-day simple moving average is $42.45 and its 200 day simple moving average is $40.59.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, September 5th were issued a $0.1873 dividend. The ex-dividend date was Friday, September 5th.

Pacer Cash Cows Fund of Funds ETF Profile

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.