Financial Gravity Asset Management Inc. Acquires New Shares in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Financial Gravity Asset Management Inc. acquired a new position in Pacer US Cash Cows 100 ETF (BATS:COWZ) in the second quarter, HoldingsChannel reports. The fund acquired 9,259 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COWZ. Strategic Financial Concepts LLC raised its holdings in shares of Pacer US Cash Cows 100 ETF by 260.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 58,613 shares of the company’s stock valued at $32,000 after purchasing an additional 42,367 shares in the last quarter. Parcion Private Wealth LLC bought a new position in Pacer US Cash Cows 100 ETF in the second quarter worth approximately $6,966,000. Ceera Investments LLC bought a new position in Pacer US Cash Cows 100 ETF in the second quarter worth approximately $245,000. Altus Wealth Group LLC lifted its holdings in Pacer US Cash Cows 100 ETF by 81.9% during the second quarter. Altus Wealth Group LLC now owns 165,587 shares of the company’s stock worth $9,023,000 after buying an additional 74,566 shares during the period. Finally, Hudock Inc. boosted its position in Pacer US Cash Cows 100 ETF by 3.6% during the 2nd quarter. Hudock Inc. now owns 296,301 shares of the company’s stock valued at $16,145,000 after acquiring an additional 10,389 shares in the last quarter.

Pacer US Cash Cows 100 ETF Price Performance

Shares of BATS:COWZ opened at $55.26 on Friday. The stock has a market cap of $22.74 billion, a P/E ratio of 8.66 and a beta of 0.79. The firm has a 50-day moving average of $55.76 and a two-hundred day moving average of $55.58.

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.