Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Up 0.6% – Here’s What Happened

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shares shot up 0.6% during trading on Friday. The stock traded as high as $49.77 and last traded at $49.6850. 8,282 shares traded hands during trading, an increase of 29% from the average daily volume of 6,415 shares. The stock had previously closed at $49.38.

Pacer Cash Cows Fund of Funds ETF Stock Performance

The company has a market cap of $101.85 million, a PE ratio of 13.06 and a beta of 0.78. The stock’s 50-day simple moving average is $50.99 and its 200 day simple moving average is $48.46.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Friday, September 4th were paid a dividend of $0.5476 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 4th.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 288.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock worth $12,231,000 after buying an additional 208,937 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 253,888 shares of the company’s stock valued at $11,949,000 after acquiring an additional 7,378 shares during the period. D.A. Davidson & CO. lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 12.0% during the 1st quarter. D.A. Davidson & CO. now owns 61,780 shares of the company’s stock valued at $2,826,000 after acquiring an additional 6,612 shares during the period. World Equity Group Inc. boosted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 2.0% during the 2nd quarter. World Equity Group Inc. now owns 11,064 shares of the company’s stock worth $521,000 after acquiring an additional 218 shares in the last quarter. Finally, BNB Wealth Management LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth approximately $331,000.

Pacer Cash Cows Fund of Funds ETF Company Profile

The Pacer Cash Cows Fund of Funds ETF (HERD) is an exchange-traded fund that is based on the Pacer Cash Cows Fund of Funds index. The fund tracks an index of five equally-weighted funds focused on companies in developed markets with high free cash flow yields. HERD was launched on May 3, 2019 and is managed by Pacer.