Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Acquired by Centric Wealth Management

Centric Wealth Management boosted its stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 209.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,189 shares of the company’s stock after purchasing an additional 22,448 shares during the quarter. Centric Wealth Management’s holdings in Pacer Cash Cows Fund of Funds ETF were worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 13.5% during the third quarter. Avantax Advisory Services Inc. now owns 8,074 shares of the company’s stock worth $279,000 after purchasing an additional 962 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth $525,000. Stratos Wealth Partners LTD. raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 53.3% in the third quarter. Stratos Wealth Partners LTD. now owns 17,183 shares of the company’s stock valued at $594,000 after buying an additional 5,974 shares during the last quarter. Prosperity Wealth Management Inc. lifted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 9.2% in the third quarter. Prosperity Wealth Management Inc. now owns 31,430 shares of the company’s stock worth $1,087,000 after buying an additional 2,645 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Pacer Cash Cows Fund of Funds ETF by 74.5% during the third quarter. Envestnet Asset Management Inc. now owns 152,339 shares of the company’s stock worth $5,268,000 after acquiring an additional 65,053 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Price Performance

NASDAQ HERD traded down $0.13 during trading hours on Wednesday, hitting $38.22. 3,313 shares of the company’s stock traded hands, compared to its average volume of 11,652. The firm’s 50-day moving average is $38.27 and its 200-day moving average is $36.70. Pacer Cash Cows Fund of Funds ETF has a 52-week low of $31.57 and a 52-week high of $39.56. The company has a market capitalization of $95.55 million, a PE ratio of 6.98 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 25th were issued a $0.1384 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.55 annualized dividend and a dividend yield of 1.45%.

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.