Modern Wealth Management LLC Sells 101,755 Shares of Pacer US Cash Cows 100 ETF $COWZ

Modern Wealth Management LLC lowered its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 798,340 shares of the company’s stock after selling 101,755 shares during the period. Pacer US Cash Cows 100 ETF makes up approximately 1.1% of Modern Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Modern Wealth Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $43,989,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Proffitt & Goodson Inc. bought a new stake in shares of Pacer US Cash Cows 100 ETF in the 2nd quarter valued at approximately $25,000. Costello Asset Management INC purchased a new stake in Pacer US Cash Cows 100 ETF during the 2nd quarter valued at $26,000. Redwood Park Advisors LLC purchased a new stake in Pacer US Cash Cows 100 ETF during the 2nd quarter valued at $28,000. Flaharty Asset Management LLC bought a new stake in Pacer US Cash Cows 100 ETF in the first quarter worth $31,000. Finally, JFS Wealth Advisors LLC boosted its stake in Pacer US Cash Cows 100 ETF by 66.4% during the second quarter. JFS Wealth Advisors LLC now owns 714 shares of the company’s stock worth $39,000 after buying an additional 285 shares during the period.

Pacer US Cash Cows 100 ETF Stock Up 6.8%

COWZ stock opened at $61.30 on Friday. Pacer US Cash Cows 100 ETF has a twelve month low of $46.64 and a twelve month high of $61.92. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 14.17 and a beta of 0.95. The firm’s fifty day simple moving average is $58.36 and its two-hundred day simple moving average is $56.99.

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.