IFS Group LLC Takes Position in Pacer Global Cash Cows Dividend ETF $GCOW

IFS Group LLC purchased a new position in shares of Pacer Global Cash Cows Dividend ETF (BATS:GCOW) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,693 shares of the company’s stock, valued at approximately $1,234,000. Pacer Global Cash Cows Dividend ETF accounts for 1.1% of IFS Group LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GCOW. EverSource Wealth Advisors LLC raised its holdings in Pacer Global Cash Cows Dividend ETF by 44.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 55,517 shares of the company’s stock valued at $2,567,000 after buying an additional 17,044 shares during the period. Empire Financial Management Company LLC boosted its stake in Pacer Global Cash Cows Dividend ETF by 5.6% during the first quarter. Empire Financial Management Company LLC now owns 111,547 shares of the company’s stock worth $5,158,000 after buying an additional 5,907 shares during the period. Royal Bank of Canada increased its position in shares of Pacer Global Cash Cows Dividend ETF by 47.0% during the first quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock valued at $78,966,000 after acquiring an additional 546,241 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Pacer Global Cash Cows Dividend ETF by 117.1% during the first quarter. Quantinno Capital Management LP now owns 76,878 shares of the company’s stock valued at $3,555,000 after acquiring an additional 41,460 shares during the last quarter. Finally, Windsor Advisory Group LLC acquired a new stake in shares of Pacer Global Cash Cows Dividend ETF during the first quarter valued at about $277,000.

Pacer Global Cash Cows Dividend ETF Stock Performance

Pacer Global Cash Cows Dividend ETF stock opened at $46.76 on Thursday. The company’s 50 day simple moving average is $44.86 and its 200-day simple moving average is $45.24. Pacer Global Cash Cows Dividend ETF has a 1 year low of $37.96 and a 1 year high of $47.57. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.