Moneywise Inc. Sells 31,167 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

Moneywise Inc. lessened its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,303 shares of the company’s stock after selling 31,167 shares during the quarter. Pacer US Cash Cows 100 ETF accounts for 5.1% of Moneywise Inc.’s investment portfolio, making the stock its 8th biggest position. Moneywise Inc.’s holdings in Pacer US Cash Cows 100 ETF were worth $10,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Verition Fund Management LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF in the third quarter worth about $239,000. Brass Tax Wealth Management Inc. lifted its stake in shares of Pacer US Cash Cows 100 ETF by 15.5% in the third quarter. Brass Tax Wealth Management Inc. now owns 13,896 shares of the company’s stock worth $804,000 after acquiring an additional 1,870 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 4.1% in the third quarter. HighTower Advisors LLC now owns 1,799,981 shares of the company’s stock worth $104,084,000 after acquiring an additional 70,617 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 34.6% in the fourth quarter. PFG Investments LLC now owns 8,316 shares of the company’s stock worth $470,000 after acquiring an additional 2,139 shares in the last quarter. Finally, Traphagen Investment Advisors LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 2.5% in the third quarter. Traphagen Investment Advisors LLC now owns 987,448 shares of the company’s stock worth $57,104,000 after acquiring an additional 23,665 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

Shares of Pacer US Cash Cows 100 ETF stock opened at $58.14 on Thursday. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79. The company has a fifty day moving average price of $58.38 and a 200-day moving average price of $57.66.

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.