Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Hits New 1-Year High – Should You Buy?

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $48.31 and last traded at $48.1810, with a volume of 16,427 shares changing hands. The stock had previously closed at $47.28.

Pacer Global Cash Cows Dividend ETF Stock Up 2.2%

The firm has a fifty day moving average of $46.32 and a 200-day moving average of $45.73. The firm has a market cap of $2.94 billion, a P/E ratio of 12.82 and a beta of 0.69.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GCOW. Beaumont Financial Advisors LLC bought a new position in shares of Pacer Global Cash Cows Dividend ETF in the 1st quarter valued at about $8,911,000. Kera Capital Partners Inc. grew its position in shares of Pacer Global Cash Cows Dividend ETF by 164.9% during the 1st quarter. Kera Capital Partners Inc. now owns 252,034 shares of the company’s stock worth $11,654,000 after buying an additional 156,907 shares during the period. WNY Asset Management LLC acquired a new stake in shares of Pacer Global Cash Cows Dividend ETF during the 1st quarter worth approximately $3,530,000. Royal Bank of Canada raised its stake in shares of Pacer Global Cash Cows Dividend ETF by 47.0% during the first quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock worth $78,966,000 after buying an additional 546,241 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of Pacer Global Cash Cows Dividend ETF during the first quarter worth approximately $3,725,000.

Pacer Global Cash Cows Dividend ETF Company Profile

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.