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

Pacer US Cash Cows 100 ETF (BATS:COWZ) shares reached a new 52-week high on Tuesday . The stock traded as high as $72.36 and last traded at $72.17, with a volume of 1055562 shares changing hands. The stock had previously closed at $72.02.

Pacer US Cash Cows 100 ETF Price Performance

The stock’s 50-day moving average is $66.26 and its two-hundred day moving average is $64.36. The company has a market cap of $27.12 billion, a P/E ratio of 14.17 and a beta of 0.95.

Institutional Investors Weigh In On Pacer US Cash Cows 100 ETF

Hedge funds have recently added to or reduced their stakes in the stock. Motiv8 Investments LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF in the fourth quarter worth $26,000. Colonial Trust Co SC lifted its holdings in Pacer US Cash Cows 100 ETF by 175.6% in the fourth quarter. Colonial Trust Co SC now owns 496 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares during the period. Robbins Farley bought a new position in Pacer US Cash Cows 100 ETF in the second quarter valued at about $31,000. Newbridge Financial Services Group Inc. lifted its holdings in Pacer US Cash Cows 100 ETF by 1,217.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 527 shares of the company’s stock valued at $29,000 after acquiring an additional 487 shares during the period. Finally, Simplex Trading LLC boosted its position in Pacer US Cash Cows 100 ETF by 75.6% in the fourth quarter. Simplex Trading LLC now owns 539 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares during the last quarter.

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.