Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Reaches New 52-Week High – Should You Buy?

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $40.55 and last traded at $40.29, with a volume of 9103 shares traded. The stock had previously closed at $40.23.

Pacer US Large Cap Cash Cows Growth Leaders ETF Price Performance

The company has a market capitalization of $2.35 billion, a PE ratio of 30.38 and a beta of 1.04. The business’s 50 day simple moving average is $38.54 and its 200 day simple moving average is $36.68.

Pacer US Large Cap Cash Cows Growth Leaders ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 8th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.0327 per share. The ex-dividend date was Thursday, June 4th. This is an increase from Pacer US Large Cap Cash Cows Growth Leaders ETF’s previous dividend of $0.01.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. First Horizon Corp purchased a new position in Pacer US Large Cap Cash Cows Growth Leaders ETF in the fourth quarter worth approximately $109,000. CoreCap Advisors LLC increased its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 14.9% during the second quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock worth $123,000 after acquiring an additional 396 shares during the last quarter. Triumph Capital Management purchased a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF during the 3rd quarter worth $131,000. Atlas Wealth LLC purchased a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF during the 4th quarter worth $213,000. Finally, Private Trust Co. NA increased its position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 11.3% during the 4th quarter. Private Trust Co. NA now owns 7,042 shares of the company’s stock worth $248,000 after purchasing an additional 713 shares during the last quarter.

Pacer US Large Cap Cash Cows Growth Leaders ETF Company Profile

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.