Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Up 0.6% – Should You Buy?

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shares shot up 0.6% during mid-day trading on Friday . The company traded as high as $39.03 and last traded at $38.93. 8,573 shares were traded during mid-day trading, a decline of 33% from the average session volume of 12,834 shares. The stock had previously closed at $38.71.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.6 %

The business has a fifty day moving average price of $39.11 and a 200-day moving average price of $38.87. The stock has a market capitalization of $93.43 million, a PE ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were issued a dividend of $0.1612 per share. The ex-dividend date was Monday, December 30th.

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

Several institutional investors have recently bought and sold shares of HERD. MML Investors Services LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the 3rd quarter valued at about $217,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 35.8% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 9,157 shares of the company’s stock valued at $367,000 after acquiring an additional 2,416 shares during the period. World Equity Group Inc. boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 51.9% during the 3rd quarter. World Equity Group Inc. now owns 9,819 shares of the company’s stock valued at $393,000 after acquiring an additional 3,357 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the 2nd quarter valued at about $815,000. Finally, D.A. Davidson & CO. boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 12.1% during the 3rd quarter. D.A. Davidson & CO. now owns 21,405 shares of the company’s stock valued at $857,000 after acquiring an additional 2,315 shares during the period.

Pacer Cash Cows Fund of Funds ETF Company 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.