Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW) Reaches New 52-Week High – Here’s Why

Shares of Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW) reached a new 52-week high on Friday . The company traded as high as $45.91 and last traded at $45.79, with a volume of 4224 shares trading hands. The stock had previously closed at $45.48.

Pacer Developed Markets International Cash Cows 100 ETF Price Performance

The stock has a 50 day simple moving average of $43.22 and a 200-day simple moving average of $43.40. The firm has a market cap of $1.56 billion, a PE ratio of 10.04 and a beta of 0.84.

Hedge Funds Weigh In On Pacer Developed Markets International Cash Cows 100 ETF

Several institutional investors and hedge funds have recently modified their holdings of ICOW. Bank of New York Mellon Corp bought a new stake in Pacer Developed Markets International Cash Cows 100 ETF during the 1st quarter valued at about $9,840,000. Sankala Group LLC purchased a new position in Pacer Developed Markets International Cash Cows 100 ETF in the fourth quarter worth about $460,000. Barometer Capital Management Inc. bought a new position in shares of Pacer Developed Markets International Cash Cows 100 ETF in the first quarter worth approximately $598,000. Longview Financial Advisors Inc. lifted its stake in shares of Pacer Developed Markets International Cash Cows 100 ETF by 4.1% in the first quarter. Longview Financial Advisors Inc. now owns 323,105 shares of the company’s stock worth $13,713,000 after buying an additional 12,699 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Pacer Developed Markets International Cash Cows 100 ETF during the first quarter valued at approximately $333,000.

Pacer Developed Markets International Cash Cows 100 ETF Company Profile

The Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 100 companies out of the FTSE Developed Ex-US Index selected and weighted by free cash flow. ICOW was launched on Jun 16, 2017 and is managed by Pacer.