Cornerstone Wealth Management LLC Has $2.78 Million Stake in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Cornerstone Wealth Management LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 5.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 49,256 shares of the company’s stock after buying an additional 2,466 shares during the period. Cornerstone Wealth Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $2,782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of COWZ. Sunbelt Securities Inc. raised its stake in shares of Pacer US Cash Cows 100 ETF by 137.0% during the second quarter. Sunbelt Securities Inc. now owns 692 shares of the company’s stock worth $38,000 after buying an additional 400 shares during the last quarter. Blue Trust Inc. bought a new stake in Pacer US Cash Cows 100 ETF in the third quarter valued at approximately $45,000. Investors Research Corp increased its stake in Pacer US Cash Cows 100 ETF by 498.8% in the third quarter. Investors Research Corp now owns 1,006 shares of the company’s stock valued at $58,000 after purchasing an additional 838 shares in the last quarter. Key Financial Inc increased its stake in Pacer US Cash Cows 100 ETF by 56.7% in the third quarter. Key Financial Inc now owns 1,133 shares of the company’s stock valued at $66,000 after purchasing an additional 410 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Pacer US Cash Cows 100 ETF by 17.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,369 shares of the company’s stock valued at $79,000 after purchasing an additional 207 shares in the last quarter.

Pacer US Cash Cows 100 ETF Price Performance

Shares of BATS:COWZ opened at $58.84 on Friday. The company has a market capitalization of $24.21 billion, a P/E ratio of 8.66 and a beta of 0.79. The firm has a 50 day moving average price of $58.61 and a 200 day moving average price of $57.44.

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.