NewEdge Advisors LLC Sells 41,793 Shares of Pacer Global Cash Cows Dividend ETF $GCOW

NewEdge Advisors LLC lowered its stake in shares of Pacer Global Cash Cows Dividend ETF (BATS:GCOW) by 15.8% in the 1st quarter, HoldingsChannel reports. The firm owned 222,088 shares of the company’s stock after selling 41,793 shares during the quarter. NewEdge Advisors LLC’s holdings in Pacer Global Cash Cows Dividend ETF were worth $10,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of GCOW. Hamilton Wealth LLC lifted its stake in Pacer Global Cash Cows Dividend ETF by 231.8% in the first quarter. Hamilton Wealth LLC now owns 1,271,100 shares of the company’s stock valued at $58,776,000 after purchasing an additional 888,023 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Pacer Global Cash Cows Dividend ETF by 47.0% in the first quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock valued at $78,966,000 after buying an additional 546,241 shares during the period. Bank of America Corp DE lifted its position in shares of Pacer Global Cash Cows Dividend ETF by 5.7% during the 2nd quarter. Bank of America Corp DE now owns 7,399,953 shares of the company’s stock valued at $280,976,000 after buying an additional 398,111 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Pacer Global Cash Cows Dividend ETF by 964.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 292,781 shares of the company’s stock valued at $12,068,000 after buying an additional 265,273 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Pacer Global Cash Cows Dividend ETF by 23.6% during the 4th quarter. Cetera Investment Advisers now owns 1,286,963 shares of the company’s stock worth $53,049,000 after acquiring an additional 245,444 shares during the period.

Pacer Global Cash Cows Dividend ETF Stock Performance

GCOW stock opened at $46.79 on Friday. The stock has a fifty day moving average of $44.86 and a 200-day moving average of $45.27. Pacer Global Cash Cows Dividend ETF has a fifty-two week low of $37.96 and a fifty-two week 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.

Pacer Global Cash Cows Dividend ETF Company Profile

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.