49 Wealth Management LLC Sells 376,026 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

49 Wealth Management LLC lessened its holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 87.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,792 shares of the company’s stock after selling 376,026 shares during the period. Pacer US Cash Cows 100 ETF makes up 0.5% of 49 Wealth Management LLC’s portfolio, making the stock its 29th biggest position. 49 Wealth Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $2,995,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Investors Research Corp grew its holdings in shares of Pacer US Cash Cows 100 ETF by 498.8% in the 3rd quarter. Investors Research Corp now owns 1,006 shares of the company’s stock worth $58,000 after purchasing an additional 838 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Pacer US Cash Cows 100 ETF by 0.8% during the third quarter. Pacer Advisors Inc. now owns 321,386 shares of the company’s stock worth $18,586,000 after buying an additional 2,700 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in shares of Pacer US Cash Cows 100 ETF in the third quarter valued at approximately $2,177,000. LPL Financial LLC boosted its holdings in shares of Pacer US Cash Cows 100 ETF by 6.1% in the 3rd quarter. LPL Financial LLC now owns 19,767,214 shares of the company’s stock worth $1,143,138,000 after acquiring an additional 1,132,656 shares in the last quarter. Finally, Trustmark National Bank Trust Department grew its position in Pacer US Cash Cows 100 ETF by 11.4% during the 3rd quarter. Trustmark National Bank Trust Department now owns 119,919 shares of the company’s stock worth $6,935,000 after acquiring an additional 12,252 shares during the last quarter.

Pacer US Cash Cows 100 ETF Trading Up 1.3 %

Shares of COWZ opened at $59.96 on Friday. The company has a market cap of $24.67 billion, a P/E ratio of 8.66 and a beta of 0.79. The company has a 50-day simple moving average of $58.11 and a two-hundred day simple moving average of $56.38.

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.