Secure Asset Management LLC has significantly reduced its investment in the Pacer US Cash Cows 100 ETF (BATS:COWZ), decreasing its stake by 62.9% during the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the firm now holds 7,174 shares of the ETF after selling 12,175 shares in that period. The total value of Secure Asset Management’s holdings in the ETF is approximately $415,000.
Other hedge funds have also adjusted their positions in the Pacer US Cash Cows 100 ETF recently. For instance, Proffitt & Goodson Inc. acquired a new stake valued at $25,000 during the second quarter, while Costello Asset Management INC invested around $26,000. Similarly, Redwood Park Advisors LLC bought into the ETF, with their new stake valued at approximately $28,000.
In a notable move, Newbridge Financial Services Group Inc. increased its holdings in the ETF by an impressive 1,217.5% during the same quarter. The firm now owns 527 shares worth about $29,000 after acquiring an additional 487 shares. Additionally, Flaharty Asset Management LLC made a new investment in the fund in the first quarter, valued at approximately $31,000.
Market Performance and Overview
As of Friday, shares of Pacer US Cash Cows 100 ETF were trading at $60.91, reflecting a 6.1% increase. The stock has seen fluctuations, with a 50-day moving average of $58.74 and a 200-day moving average of $57.26. The ETF boasts a market capitalization of $22.99 billion, a price-to-earnings (P/E) ratio of 14.17, and a beta of 0.95. Over the past year, shares have reached a low of $46.64 and a high of $61.92.
The Pacer US Cash Cows 100 ETF, launched on December 16, 2016, is designed to track a free cash flow-weighted index based on companies selected from the Russell 1000 Index. This ETF provides investors exposure to firms identified for their strong cash flow generation, which can be an attractive feature for those seeking stable investment options.
Investors interested in the latest developments regarding Pacer US Cash Cows 100 ETF can visit HoldingsChannel.com for updated 13F filings and insider trades.
