Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Sold by World Equity Group Inc.

World Equity Group Inc. cut its position in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 62.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,819 shares of the company’s stock after selling 16,485 shares during the quarter. World Equity Group Inc. owned 0.44% of Pacer Cash Cows Fund of Funds ETF worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 21.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,828 shares of the company’s stock valued at $69,000 after buying an additional 325 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Pacer Cash Cows Fund of Funds ETF by 8.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 21,843 shares of the company’s stock worth $828,000 after acquiring an additional 1,710 shares during the last quarter. LPL Financial LLC boosted its stake in Pacer Cash Cows Fund of Funds ETF by 1.0% in the fourth quarter. LPL Financial LLC now owns 202,712 shares of the company’s stock valued at $7,685,000 after acquiring an additional 1,939 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 11.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 28,242 shares of the company’s stock valued at $1,071,000 after purchasing an additional 2,819 shares during the last quarter. Finally, Centric Wealth Management raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 4.9% during the 4th quarter. Centric Wealth Management now owns 60,562 shares of the company’s stock worth $2,296,000 after purchasing an additional 2,828 shares during the period.

Pacer Cash Cows Fund of Funds ETF Price Performance

NASDAQ:HERD opened at $39.00 on Friday. The firm has a market capitalization of $87.75 million, a P/E ratio of 13.06 and a beta of 1.00. The business has a 50 day simple moving average of $38.01 and a 200 day simple moving average of $38.12. Pacer Cash Cows Fund of Funds ETF has a 12-month low of $32.28 and a 12-month high of $40.74.

Pacer Cash Cows Fund of Funds ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, June 6th were given a $0.1618 dividend. The ex-dividend date was Friday, June 6th. This is an increase from Pacer Cash Cows Fund of Funds ETF’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 1.66%.

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.