Avalon Capital Management Cuts Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Avalon Capital Management trimmed its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,784 shares of the company’s stock after selling 303 shares during the period. Pacer US Cash Cows 100 ETF makes up about 1.0% of Avalon Capital Management’s portfolio, making the stock its 27th biggest position. Avalon Capital Management’s holdings in Pacer US Cash Cows 100 ETF were worth $3,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in COWZ. Creative Planning boosted its stake in shares of Pacer US Cash Cows 100 ETF by 79.2% during the third quarter. Creative Planning now owns 30,418 shares of the company’s stock valued at $1,759,000 after purchasing an additional 13,442 shares during the period. Blue Trust Inc. purchased a new position in Pacer US Cash Cows 100 ETF during the 3rd quarter worth $45,000. IVC Wealth Advisors LLC lifted its stake in Pacer US Cash Cows 100 ETF by 3.6% in the third quarter. IVC Wealth Advisors LLC now owns 125,560 shares of the company’s stock worth $7,261,000 after acquiring an additional 4,401 shares during the period. Lunt Capital Management Inc. increased its holdings in Pacer US Cash Cows 100 ETF by 34.6% during the third quarter. Lunt Capital Management Inc. now owns 60,325 shares of the company’s stock valued at $3,489,000 after buying an additional 15,499 shares during the period. Finally, Barrett & Company Inc. lifted its stake in shares of Pacer US Cash Cows 100 ETF by 6.0% during the 3rd quarter. Barrett & Company Inc. now owns 13,351 shares of the company’s stock worth $772,000 after purchasing an additional 752 shares during the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

Shares of COWZ opened at $58.06 on Tuesday. The firm’s 50 day simple moving average is $57.73 and its two-hundred day simple moving average is $57.81. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79.

Pacer US Cash Cows 100 ETF 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.