Pacer US Cash Cows 100 ETF $COWZ Stock: Provident Wealth Management LLC Trims Stake

Provident Wealth Management LLC reduced its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 27.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 605,034 shares of the company’s stock after selling 225,966 shares during the quarter. Pacer US Cash Cows 100 ETF makes up about 15.0% of Provident Wealth Management LLC’s holdings, making the stock its 2nd largest position. Provident Wealth Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $40,392,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC lifted its holdings in Pacer US Cash Cows 100 ETF by 90.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 33,946 shares of the company’s stock worth $2,124,000 after buying an additional 16,147 shares during the last quarter. Private Client Services LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF in the 3rd quarter worth approximately $1,472,000. Signal Advisors Wealth LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF in the 1st quarter worth approximately $1,028,000. Fiduciary Alliance LLC increased its holdings in shares of Pacer US Cash Cows 100 ETF by 44.9% in the 1st quarter. Fiduciary Alliance LLC now owns 139,399 shares of the company’s stock valued at $8,675,000 after acquiring an additional 43,211 shares during the last quarter. Finally, MBE Wealth Management LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF in the 1st quarter valued at approximately $529,000.

Pacer US Cash Cows 100 ETF Trading Up 1.2%

COWZ stock opened at $71.08 on Wednesday. The firm has a market cap of $26.83 billion, a P/E ratio of 14.17 and a beta of 0.95. Pacer US Cash Cows 100 ETF has a 12-month low of $56.84 and a 12-month high of $72.52. The stock’s 50 day simple moving average is $69.85 and its 200 day simple moving average is $66.04.

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.