Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Sets New 1-Year High – Here’s Why

Pacer Global Cash Cows Dividend ETF (BATS:GCOW)’s stock price reached a new 52-week high on Monday . The company traded as high as $45.95 and last traded at $45.9540, with a volume of 126433 shares. The stock had previously closed at $45.78.

Pacer Global Cash Cows Dividend ETF Trading Up 0.4%

The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69. The company’s fifty day moving average is $42.44 and its two-hundred day moving average is $40.78.

Hedge Funds Weigh In On Pacer Global Cash Cows Dividend ETF

Several hedge funds have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp lifted its stake in Pacer Global Cash Cows Dividend ETF by 200.0% during the third quarter. Murphy & Mullick Capital Management Corp now owns 750 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. CWM LLC increased its stake in Pacer Global Cash Cows Dividend ETF by 38.0% in the third quarter. CWM LLC now owns 944 shares of the company’s stock valued at $37,000 after purchasing an additional 260 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in Pacer Global Cash Cows Dividend ETF by 79.4% during the third quarter. Wolff Wiese Magana LLC now owns 956 shares of the company’s stock worth $38,000 after purchasing an additional 423 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Pacer Global Cash Cows Dividend ETF by 80.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,015 shares of the company’s stock worth $40,000 after buying an additional 454 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Pacer Global Cash Cows Dividend ETF by 262.3% in the 2nd quarter. Bank of Montreal Can now owns 1,087 shares of the company’s stock valued at $41,000 after buying an additional 787 shares in the last quarter.

About Pacer Global Cash Cows Dividend ETF

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.