Northwestern Mutual Wealth Management Co. Trims Stock Position in Pacer US Cash Cows 100 ETF $COWZ

Northwestern Mutual Wealth Management Co. cut its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 99.3% in the 4th quarter, Holdings Channel reports. The fund owned 59,536 shares of the company’s stock after selling 8,982,428 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Pacer US Cash Cows 100 ETF were worth $3,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COWZ. Field & Main Bank purchased a new position in shares of Pacer US Cash Cows 100 ETF during the 4th quarter worth approximately $27,000. Compass Financial Services Inc raised its stake in shares of Pacer US Cash Cows 100 ETF by 85.2% during the 3rd quarter. Compass Financial Services Inc now owns 463 shares of the company’s stock worth $27,000 after buying an additional 213 shares in the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of Pacer US Cash Cows 100 ETF during the 4th quarter worth approximately $29,000. Newbridge Financial Services Group Inc. raised its stake in shares of Pacer US Cash Cows 100 ETF by 1,217.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 527 shares of the company’s stock worth $29,000 after buying an additional 487 shares in the last quarter. Finally, First Horizon Corp raised its stake in shares of Pacer US Cash Cows 100 ETF by 337.0% during the 4th quarter. First Horizon Corp now owns 603 shares of the company’s stock worth $36,000 after buying an additional 465 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

Shares of COWZ stock opened at $64.34 on Monday. The company has a market cap of $24.28 billion, a price-to-earnings ratio of 14.17 and a beta of 0.95. The stock has a 50 day simple moving average of $62.71 and a 200-day simple moving average of $61.88. Pacer US Cash Cows 100 ETF has a 12-month low of $52.82 and a 12-month high of $64.97.

About Pacer US Cash Cows 100 ETF

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.