Pacer US Cash Cows 100 ETF (BATS:COWZ) Hits New 1-Year High – Here’s Why

Pacer US Cash Cows 100 ETF (BATS:COWZ)’s share price reached a new 52-week high on Wednesday . The company traded as high as $68.62 and last traded at $68.23, with a volume of 95281 shares traded. The stock had previously closed at $68.17.

Pacer US Cash Cows 100 ETF Price Performance

The company has a market capitalization of $25.72 billion, a P/E ratio of 14.17 and a beta of 0.95. The stock’s fifty day simple moving average is $64.20 and its 200-day simple moving average is $63.42.

Hedge Funds Weigh In On Pacer US Cash Cows 100 ETF

Large investors have recently made changes to their positions in the business. Motiv8 Investments LLC bought a new position in Pacer US Cash Cows 100 ETF in the 4th quarter worth approximately $26,000. Field & Main Bank bought a new stake in shares of Pacer US Cash Cows 100 ETF in the fourth quarter valued at approximately $27,000. Colonial Trust Co SC boosted its position in shares of Pacer US Cash Cows 100 ETF by 175.6% in the fourth quarter. Colonial Trust Co SC now owns 496 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares during the period. Newbridge Financial Services Group Inc. boosted its position in shares of Pacer US Cash Cows 100 ETF by 1,217.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 527 shares of the company’s stock valued at $29,000 after acquiring an additional 487 shares during the period. Finally, Simplex Trading LLC grew its stake in shares of Pacer US Cash Cows 100 ETF by 75.6% in the fourth quarter. Simplex Trading LLC now owns 539 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares during the last quarter.

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.