PFG Advisors Cuts Stock Holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ)

PFG Advisors decreased its holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 23.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 396,274 shares of the company’s stock after selling 123,353 shares during the quarter. Pacer US Cash Cows 100 ETF makes up 1.4% of PFG Advisors’ portfolio, making the stock its 7th largest holding. PFG Advisors’ holdings in Pacer US Cash Cows 100 ETF were worth $22,917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of COWZ. LPL Financial LLC increased its stake in Pacer US Cash Cows 100 ETF by 13.3% during the 2nd quarter. LPL Financial LLC now owns 18,634,558 shares of the company’s stock valued at $1,015,397,000 after buying an additional 2,184,380 shares during the period. Global Assets Advisory LLC boosted its holdings in shares of Pacer US Cash Cows 100 ETF by 5,941.5% in the first quarter. Global Assets Advisory LLC now owns 1,694,524 shares of the company’s stock valued at $98,469,000 after acquiring an additional 1,666,476 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Pacer US Cash Cows 100 ETF by 25.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,404,489 shares of the company’s stock valued at $348,981,000 after acquiring an additional 1,281,810 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF during the second quarter valued at approximately $61,929,000. Finally, Commonwealth Equity Services LLC raised its holdings in Pacer US Cash Cows 100 ETF by 21.7% during the first quarter. Commonwealth Equity Services LLC now owns 4,324,179 shares of the company’s stock worth $251,278,000 after purchasing an additional 772,136 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Down 0.8 %

COWZ opened at $58.05 on Wednesday. The company has a market cap of $23.88 billion, a P/E ratio of 8.66 and a beta of 0.79. The stock has a 50 day moving average price of $56.79 and a two-hundred day moving average price of $55.92.

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.