Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.69 and traded as high as $40.40. Pacer Cash Cows Fund of Funds ETF shares last traded at $40.14, with a volume of 12,315 shares trading hands.

Pacer Cash Cows Fund of Funds ETF Price Performance

The firm has a market capitalization of $92.31 million, a price-to-earnings ratio of 7.15 and a beta of 1.00. The stock has a fifty day moving average of $39.54 and a two-hundred day moving average of $38.70.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 27th were paid a dividend of $0.1581 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, September 27th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 17.6% during the second quarter. Envestnet Asset Management Inc. now owns 187,962 shares of the company’s stock valued at $6,986,000 after purchasing an additional 28,120 shares during the period. Cozad Asset Management Inc. increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 54.4% during the second quarter. Cozad Asset Management Inc. now owns 8,057 shares of the company’s stock worth $299,000 after acquiring an additional 2,838 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Pacer Cash Cows Fund of Funds ETF in the 2nd quarter valued at about $815,000. Cetera Investment Advisers acquired a new position in Pacer Cash Cows Fund of Funds ETF during the 1st quarter valued at about $5,656,000. Finally, World Equity Group Inc. increased its holdings in Pacer Cash Cows Fund of Funds ETF by 18.8% during the 2nd quarter. World Equity Group Inc. now owns 6,462 shares of the company’s stock worth $240,000 after purchasing an additional 1,023 shares in the last quarter.

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.