Pacer US Cash Cows 100 ETF (BATS:COWZ) Hits New 12-Month High – Time to Buy?

Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) reached a new 52-week high during trading on Wednesday . The company traded as high as $71.45 and last traded at $71.42, with a volume of 36985 shares. The stock had previously closed at $70.42.

Pacer US Cash Cows 100 ETF Stock Performance

The company has a market capitalization of $27.18 billion, a P/E ratio of 14.17 and a beta of 0.95. The firm’s fifty day moving average is $65.24 and its 200-day moving average is $63.97.

Institutional Trading of Pacer US Cash Cows 100 ETF

A number of hedge funds have recently added to or reduced their stakes in COWZ. Motiv8 Investments LLC bought a new position in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at $26,000. Field & Main Bank bought a new stake in Pacer US Cash Cows 100 ETF during the 4th quarter worth $27,000. Newbridge Financial Services Group Inc. grew its position in Pacer US Cash Cows 100 ETF by 1,217.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 527 shares of the company’s stock worth $29,000 after acquiring an additional 487 shares during the last quarter. Colonial Trust Co SC increased its holdings in Pacer US Cash Cows 100 ETF by 175.6% in the 4th quarter. Colonial Trust Co SC now owns 496 shares of the company’s stock worth $30,000 after purchasing an additional 316 shares in the last quarter. Finally, Simplex Trading LLC increased its holdings in Pacer US Cash Cows 100 ETF by 75.6% in the 4th quarter. Simplex Trading LLC now owns 539 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares in the last quarter.

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.