Envestnet Asset Management Inc. Sells 3,340,562 Shares of Pacer US Cash Cows 100 ETF $COWZ

Envestnet Asset Management Inc. trimmed its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 44.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,107,672 shares of the company’s stock after selling 3,340,562 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.09% of Pacer US Cash Cows 100 ETF worth $226,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Proffitt & Goodson Inc. bought a new position in shares of Pacer US Cash Cows 100 ETF during the second quarter worth about $25,000. Costello Asset Management INC bought a new position in shares of Pacer US Cash Cows 100 ETF during the second quarter worth about $26,000. Brentview Investment Management LLC bought a new position in shares of Pacer US Cash Cows 100 ETF during the first quarter worth about $27,000. Flaharty Asset Management LLC bought a new stake in Pacer US Cash Cows 100 ETF in the first quarter worth approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Pacer US Cash Cows 100 ETF in the first quarter worth approximately $34,000.

Pacer US Cash Cows 100 ETF Stock Performance

Shares of COWZ stock opened at $58.34 on Tuesday. The company has a market cap of $22.02 billion, a P/E ratio of 14.17 and a beta of 0.95. The stock has a 50 day simple moving average of $57.42 and a two-hundred day simple moving average of $55.42. Pacer US Cash Cows 100 ETF has a fifty-two week low of $46.64 and a fifty-two week high of $61.92.

Pacer US Cash Cows 100 ETF Profile

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.