Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Hits New 1-Year High – Should You Buy?

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) reached a new 52-week high during trading on Wednesday. The company traded as high as $48.31 and last traded at $48.1810, with a volume of 16,427 shares traded. The stock had previously closed at $47.28.

Pacer Global Cash Cows Dividend ETF Trading Up 2.2%

The stock has a fifty day moving average of $46.32 and a two-hundred day moving average of $45.73. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69.

Institutional Trading of Pacer Global Cash Cows Dividend ETF

Large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its position in Pacer Global Cash Cows Dividend ETF by 2.4% in the 1st quarter. Bank of America Corp DE now owns 8,118,813 shares of the company’s stock worth $375,414,000 after purchasing an additional 191,858 shares during the last quarter. Royal Bank of Canada boosted its position in Pacer Global Cash Cows Dividend ETF by 47.0% in the 1st quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock valued at $78,966,000 after buying an additional 546,241 shares during the last quarter. Cetera Investment Advisers boosted its position in Pacer Global Cash Cows Dividend ETF by 15.2% in the 1st quarter. Cetera Investment Advisers now owns 1,482,311 shares of the company’s stock valued at $68,542,000 after buying an additional 195,348 shares during the last quarter. Hamilton Wealth LLC boosted its position in Pacer Global Cash Cows Dividend ETF by 231.8% in the 1st quarter. Hamilton Wealth LLC now owns 1,271,100 shares of the company’s stock valued at $58,776,000 after buying an additional 888,023 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Pacer Global Cash Cows Dividend ETF by 22.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 450,868 shares of the company’s stock valued at $19,302,000 after buying an additional 83,248 shares during the last quarter.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.