Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Stock Price Down 0.1% – Here’s What Happened

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)’s stock price was down 0.1% during mid-day trading on Friday . The company traded as low as $52.51 and last traded at $52.56. Approximately 8,690 shares traded hands during trading, an increase of 31% from the average daily volume of 6,621 shares. The stock had previously closed at $52.59.

Pacer Cash Cows Fund of Funds ETF Trading Down 0.1%

The firm’s fifty day moving average price is $49.64 and its 200 day moving average price is $47.86. The firm has a market capitalization of $105.12 million, a PE ratio of 13.06 and a beta of 0.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Pacer Cash Cows Fund of Funds ETF in the second quarter valued at about $161,000. World Equity Group Inc. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 2.0% during the 2nd quarter. World Equity Group Inc. now owns 11,064 shares of the company’s stock worth $521,000 after purchasing an additional 218 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 124.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,931 shares of the company’s stock worth $180,000 after purchasing an additional 2,178 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 12.0% during the 1st quarter. D.A. Davidson & CO. now owns 61,780 shares of the company’s stock valued at $2,826,000 after buying an additional 6,612 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 288.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock valued at $12,231,000 after buying an additional 208,937 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Company Profile

The Pacer Cash Cows Fund of Funds ETF (HERD) is an exchange-traded fund that is based on the Pacer Cash Cows Fund of Funds index. The fund tracks an index of five equally-weighted funds focused on companies in developed markets with high free cash flow yields. HERD was launched on May 3, 2019 and is managed by Pacer.