Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Trading 0.9% Higher – Here’s Why

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shares rose 0.9% during mid-day trading on Thursday . The company traded as high as $48.61 and last traded at $48.61. 1,484 shares changed hands during trading, a decline of 80% from the average daily volume of 7,313 shares. The stock had previously closed at $48.17.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.9%

The firm’s fifty day simple moving average is $47.79 and its 200-day simple moving average is $46.57. The company has a market cap of $97.22 million, a PE ratio of 13.06 and a beta of 0.78.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

A number of institutional investors and hedge funds have recently bought and sold shares of HERD. D.A. Davidson & CO. increased its position in Pacer Cash Cows Fund of Funds ETF by 38.9% during the 4th quarter. D.A. Davidson & CO. now owns 55,168 shares of the company’s stock worth $2,398,000 after purchasing an additional 15,446 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Pacer Cash Cows Fund of Funds ETF by 288.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock valued at $12,231,000 after purchasing an additional 208,937 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 124.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,931 shares of the company’s stock worth $180,000 after purchasing an additional 2,178 shares during the last quarter. World Equity Group Inc. boosted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 2.3% during the 1st quarter. World Equity Group Inc. now owns 10,846 shares of the company’s stock worth $496,000 after purchasing an additional 241 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 3.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 73,490 shares of the company’s stock worth $3,194,000 after buying an additional 2,347 shares in the last quarter.

About Pacer Cash Cows Fund of Funds ETF

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.