SteelPeak Wealth LLC Acquires New Stake in Pacer US Cash Cows 100 ETF (BATS:COWZ)

SteelPeak Wealth LLC bought a new position in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,716 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Global Assets Advisory LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 5,941.5% in the first quarter. Global Assets Advisory LLC now owns 1,694,524 shares of the company’s stock worth $98,469,000 after buying an additional 1,666,476 shares in the last quarter. Raymond James & Associates lifted its stake in Pacer US Cash Cows 100 ETF by 20.8% in the 1st quarter. Raymond James & Associates now owns 6,383,907 shares of the company’s stock worth $370,969,000 after purchasing an additional 1,099,029 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Pacer US Cash Cows 100 ETF by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 9,498,765 shares of the company’s stock worth $493,841,000 after purchasing an additional 822,076 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Pacer US Cash Cows 100 ETF by 21.7% in the first quarter. Commonwealth Equity Services LLC now owns 4,324,179 shares of the company’s stock valued at $251,278,000 after purchasing an additional 772,136 shares in the last quarter. Finally, Annex Advisory Services LLC increased its holdings in shares of Pacer US Cash Cows 100 ETF by 44.2% in the fourth quarter. Annex Advisory Services LLC now owns 2,444,746 shares of the company’s stock valued at $127,102,000 after purchasing an additional 748,827 shares during the last quarter.

Pacer US Cash Cows 100 ETF Stock Up 1.7 %

Pacer US Cash Cows 100 ETF stock traded up $0.95 during trading on Thursday, reaching $55.89. 1,563,627 shares of the company were exchanged. The firm’s 50-day moving average price is $55.09 and its 200 day moving average price is $55.06. The firm has a market capitalization of $23.00 billion, a P/E ratio of 8.66 and a beta of 0.79.

Pacer US Cash Cows 100 ETF Company Profile

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.