Magnolia Capital Advisors LLC Reduces Stock Position in Pacer US Cash Cows 100 ETF $COWZ

Magnolia Capital Advisors LLC cut its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 27.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,397 shares of the company’s stock after selling 3,478 shares during the period. Magnolia Capital Advisors LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COWZ. Proffitt & Goodson Inc. bought a new stake in shares of Pacer US Cash Cows 100 ETF during the second quarter valued at about $25,000. Costello Asset Management INC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the second quarter valued at about $26,000. Brentview Investment Management LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the first quarter valued at about $27,000. Redwood Park Advisors LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the second quarter valued at about $28,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the first quarter valued at about $31,000.

Pacer US Cash Cows 100 ETF Stock Down 0.1%

Shares of COWZ opened at $57.32 on Wednesday. The business’s 50-day moving average price is $57.46 and its 200-day moving average price is $55.78. Pacer US Cash Cows 100 ETF has a twelve month low of $46.64 and a twelve month high of $61.92. The stock has a market cap of $21.63 billion, a PE ratio of 14.17 and a beta of 0.95.

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.