Pacer US Cash Cows 100 ETF (BATS:COWZ) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC reduced its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 4.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 663,997 shares of the company’s stock after selling 33,336 shares during the period. Pacer US Cash Cows 100 ETF accounts for 0.8% of Foundations Investment Advisors LLC’s portfolio, making the stock its 29th biggest position. Foundations Investment Advisors LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $38,399,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of Pacer US Cash Cows 100 ETF by 13.3% in the 2nd quarter. LPL Financial LLC now owns 18,634,558 shares of the company’s stock valued at $1,015,397,000 after purchasing an additional 2,184,380 shares in the last quarter. Raymond James & Associates increased its holdings in Pacer US Cash Cows 100 ETF by 7.5% in the third quarter. Raymond James & Associates now owns 7,235,912 shares of the company’s stock valued at $418,453,000 after buying an additional 503,678 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Pacer US Cash Cows 100 ETF by 4.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,731,230 shares of the company’s stock valued at $366,785,000 after buying an additional 257,285 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Pacer US Cash Cows 100 ETF by 25.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,404,489 shares of the company’s stock valued at $348,981,000 after acquiring an additional 1,281,810 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Pacer US Cash Cows 100 ETF by 8.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,261,767 shares of the company’s stock worth $304,288,000 after acquiring an additional 400,873 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ opened at $58.11 on Tuesday. The stock has a market capitalization of $23.91 billion, a P/E ratio of 8.66 and a beta of 0.79. The business’s 50 day moving average price is $57.11 and its two-hundred day moving average price is $55.94.

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.