Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Up 0.6% – Here’s What Happened

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) traded 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 changed hands during 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 Stock Performance

The company has a market cap of $93.43 million, a price-to-earnings ratio of 7.15 and a beta of 1.00. The company’s 50 day moving average price is $39.11 and its 200 day moving average price is $38.88.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were paid a $0.1612 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

A number of large investors have recently modified their holdings of HERD. MML Investors Services LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the third quarter worth about $217,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 35.8% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,157 shares of the company’s stock worth $367,000 after acquiring an additional 2,416 shares in the last quarter. World Equity Group Inc. raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 51.9% during the third quarter. World Equity Group Inc. now owns 9,819 shares of the company’s stock worth $393,000 after acquiring an additional 3,357 shares during the period. D.A. Davidson & CO. lifted its position in Pacer Cash Cows Fund of Funds ETF by 12.1% in 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 in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Pacer Cash Cows Fund of Funds ETF by 15.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,423 shares of the company’s stock worth $1,018,000 after purchasing an additional 3,490 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.