Davis Investment Partners LLC Buys 18,079 Shares of Pacer US Cash Cows 100 ETF $COWZ

Davis Investment Partners LLC increased its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 30.5% during the third quarter, HoldingsChannel reports. The firm owned 77,333 shares of the company’s stock after acquiring an additional 18,079 shares during the period. Pacer US Cash Cows 100 ETF accounts for approximately 1.6% of Davis Investment Partners LLC’s holdings, making the stock its 10th biggest position. Davis Investment Partners LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $5,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Northbridge Financial Group LLC lifted its stake in Pacer US Cash Cows 100 ETF by 2.2% during the third quarter. Northbridge Financial Group LLC now owns 99,100 shares of the company’s stock valued at $6,731,000 after buying an additional 2,132 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in shares of Pacer US Cash Cows 100 ETF in the third quarter worth about $448,000. Lido Advisors LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF in the third quarter worth about $813,000. Keybank National Association OH purchased a new position in shares of Pacer US Cash Cows 100 ETF in the third quarter worth approximately $516,000. Finally, Cornerstone Wealth Management LLC increased its position in shares of Pacer US Cash Cows 100 ETF by 4.0% in the third quarter. Cornerstone Wealth Management LLC now owns 55,065 shares of the company’s stock worth $3,676,000 after acquiring an additional 2,114 shares in the last quarter.

Pacer US Cash Cows 100 ETF Price Performance

COWZ stock opened at $70.66 on Wednesday. Pacer US Cash Cows 100 ETF has a 52-week low of $56.84 and a 52-week high of $72.52. The company’s 50 day simple moving average is $69.69 and its 200-day simple moving average is $65.74. The firm has a market capitalization of $19.60 billion, a P/E ratio of 14.94 and a beta of 0.83.

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.