Lighthouse Wealth Management Inc. Acquires Shares of 192,491 Pacer US Cash Cows 100 ETF (BATS:COWZ)

Lighthouse Wealth Management Inc. bought a new position in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 192,491 shares of the company’s stock, valued at approximately $10,872,000. Pacer US Cash Cows 100 ETF makes up 10.0% of Lighthouse Wealth Management Inc.’s investment portfolio, making the stock its 4th largest position.

Several other hedge funds have also modified their holdings of COWZ. LPL Financial LLC raised its holdings in Pacer US Cash Cows 100 ETF by 6.1% during the 3rd quarter. LPL Financial LLC now owns 19,767,214 shares of the company’s stock worth $1,143,138,000 after purchasing an additional 1,132,656 shares during the last quarter. Raymond James & Associates grew its position in shares of Pacer US Cash Cows 100 ETF by 7.5% during the 3rd quarter. Raymond James & Associates now owns 7,235,912 shares of the company’s stock worth $418,453,000 after buying an additional 503,678 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Pacer US Cash Cows 100 ETF by 8.2% during the third quarter. Commonwealth Equity Services LLC now owns 5,261,767 shares of the company’s stock worth $304,288,000 after buying an additional 400,873 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Pacer US Cash Cows 100 ETF by 12.1% in the second quarter. Cetera Investment Advisers now owns 4,347,535 shares of the company’s stock valued at $236,897,000 after buying an additional 470,872 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Pacer US Cash Cows 100 ETF by 6.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,888,102 shares of the company’s stock valued at $109,189,000 after acquiring an additional 111,670 shares during the last quarter.

Pacer US Cash Cows 100 ETF Stock Up 2.2 %

Shares of Pacer US Cash Cows 100 ETF stock opened at $58.65 on Monday. The company’s 50 day simple moving average is $58.59 and its two-hundred day simple moving average is $57.48. The company has a market cap of $24.13 billion, a PE ratio of 8.66 and a beta of 0.79.

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.