Pacer US Cash Cows 100 ETF (BATS:COWZ) Sets New 52-Week High – Should You Buy?

Pacer US Cash Cows 100 ETF (BATS:COWZ) reached a new 52-week high during trading on Monday . The company traded as high as $66.01 and last traded at $65.95, with a volume of 295400 shares traded. The stock had previously closed at $64.89.

Pacer US Cash Cows 100 ETF Price Performance

The stock has a market capitalization of $25.48 billion, a P/E ratio of 14.17 and a beta of 0.95. The stock’s fifty day moving average is $63.86 and its two-hundred day moving average is $63.23.

Institutional Investors Weigh In On Pacer US Cash Cows 100 ETF

Several hedge funds have recently modified their holdings of the stock. Motiv8 Investments LLC purchased a new stake in Pacer US Cash Cows 100 ETF during the fourth quarter valued at about $26,000. Field & Main Bank purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. boosted its stake in Pacer US Cash Cows 100 ETF by 1,217.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 527 shares of the company’s stock worth $29,000 after purchasing an additional 487 shares during the period. Colonial Trust Co SC grew its position in Pacer US Cash Cows 100 ETF by 175.6% during the 4th quarter. Colonial Trust Co SC now owns 496 shares of the company’s stock worth $30,000 after purchasing an additional 316 shares in the last quarter. Finally, Simplex Trading LLC raised its stake in Pacer US Cash Cows 100 ETF by 75.6% during the 4th quarter. Simplex Trading LLC now owns 539 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the period.

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.