Obermeyer Wealth Partners Makes New Investment in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Obermeyer Wealth Partners bought a new stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,886 shares of the company’s stock, valued at approximately $299,000. Obermeyer Wealth Partners owned 0.33% of Pacer Cash Cows Fund of Funds ETF at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 22.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock valued at $152,000 after purchasing an additional 730 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in Pacer Cash Cows Fund of Funds ETF by 3.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 68,511 shares of the company’s stock worth $2,597,000 after buying an additional 2,517 shares during the period. Kestra Private Wealth Services LLC raised its holdings in Pacer Cash Cows Fund of Funds ETF by 2.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 13,700 shares of the company’s stock worth $519,000 after buying an additional 318 shares during the period. D.A. Davidson & CO. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 21.4% in the fourth quarter. D.A. Davidson & CO. now owns 25,995 shares of the company’s stock valued at $985,000 after buying an additional 4,590 shares in the last quarter. Finally, World Equity Group Inc. boosted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 167.9% in the fourth quarter. World Equity Group Inc. now owns 26,304 shares of the company’s stock valued at $997,000 after buying an additional 16,485 shares during the period.

Pacer Cash Cows Fund of Funds ETF Stock Up 1.0%

Shares of HERD stock opened at $38.99 on Wednesday. The company has a market capitalization of $87.73 million, a price-to-earnings ratio of 12.87 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 12-month low of $32.28 and a 12-month high of $40.74. The firm has a fifty day moving average of $36.73 and a 200-day moving average of $38.24.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Friday, March 7th were paid a $0.108 dividend. The ex-dividend date was Friday, March 7th.

About Pacer Cash Cows Fund of Funds ETF

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.