PMG Wealth Management Inc. Takes $5.36 Million Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

PMG Wealth Management Inc. purchased a new position in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) during the fourth quarter, HoldingsChannel reports. The firm purchased 94,877 shares of the company’s stock, valued at approximately $5,359,000. Pacer US Cash Cows 100 ETF accounts for 4.9% of PMG Wealth Management Inc.’s portfolio, making the stock its 9th biggest position.

Other institutional investors also recently modified their holdings of the company. DecisionPoint Financial LLC bought a new position in Pacer US Cash Cows 100 ETF during the 4th quarter worth $26,000. Human Investing LLC acquired a new stake in shares of Pacer US Cash Cows 100 ETF in the fourth quarter valued at about $27,000. Bank of Jackson Hole Trust bought a new position in shares of Pacer US Cash Cows 100 ETF during the fourth quarter worth about $37,000. Kestra Investment Management LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF in the fourth quarter worth approximately $41,000. Finally, Blue Trust Inc. bought a new stake in Pacer US Cash Cows 100 ETF in the third quarter valued at approximately $45,000.

Pacer US Cash Cows 100 ETF Price Performance

BATS:COWZ opened at $57.87 on Friday. The firm’s fifty day moving average price is $57.76 and its 200 day moving average price is $57.78. The firm has a market cap of $23.81 billion, a P/E ratio of 8.66 and a beta of 0.79.

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.