Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Trading 0.2% Higher – Here’s Why

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shares were up 0.2% on Thursday . The company traded as high as $50.89 and last traded at $50.89. 4,377 shares traded hands during trading, a decline of 37% from the average session volume of 6,913 shares. The stock had previously closed at $50.77.

Pacer Cash Cows Fund of Funds ETF Stock Performance

The business’s 50 day moving average price is $48.32 and its 200-day moving average price is $47.10. The firm has a market capitalization of $101.78 million, a PE ratio of 13.06 and a beta of 0.78.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Several institutional investors have recently added to or reduced their stakes in HERD. World Equity Group Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 2.0% during the second quarter. World Equity Group Inc. now owns 11,064 shares of the company’s stock worth $521,000 after purchasing an additional 218 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 3.3% in the fourth quarter. Kestra Advisory Services LLC now owns 10,283 shares of the company’s stock valued at $447,000 after buying an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 23.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock valued at $98,000 after buying an additional 469 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter valued at $30,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at $34,000.

About Pacer Cash Cows Fund of Funds ETF

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.