Pacer US Cash Cows 100 ETF (BATS:COWZ) Stake Cut by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC lessened its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 830,070 shares of the company’s stock after selling 43,665 shares during the quarter. Pacer US Cash Cows 100 ETF makes up approximately 6.4% of Intelligence Driven Advisers LLC’s holdings, making the stock its 7th largest holding. Intelligence Driven Advisers LLC owned 0.20% of Pacer US Cash Cows 100 ETF worth $45,231,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Pacer US Cash Cows 100 ETF by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 9,498,765 shares of the company’s stock valued at $493,841,000 after acquiring an additional 822,076 shares during the last quarter. Raymond James & Associates grew its holdings in Pacer US Cash Cows 100 ETF by 5.5% in the second quarter. Raymond James & Associates now owns 6,732,234 shares of the company’s stock valued at $366,839,000 after purchasing an additional 348,327 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Pacer US Cash Cows 100 ETF by 4.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,731,230 shares of the company’s stock worth $366,785,000 after purchasing an additional 257,285 shares during the last quarter. UBS Group AG raised its stake in Pacer US Cash Cows 100 ETF by 12.6% during the fourth quarter. UBS Group AG now owns 6,339,263 shares of the company’s stock worth $329,578,000 after purchasing an additional 709,324 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Pacer US Cash Cows 100 ETF by 12.4% during the second quarter. Commonwealth Equity Services LLC now owns 4,860,894 shares of the company’s stock worth $264,870,000 after purchasing an additional 536,715 shares during the period.

Pacer US Cash Cows 100 ETF Price Performance

Shares of BATS COWZ traded down $0.59 during trading on Friday, hitting $55.26. 1,708,463 shares of the company traded hands. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79. The stock has a 50-day moving average of $55.76 and a 200-day moving average of $55.56.

Pacer US Cash Cows 100 ETF Profile

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.