Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Reaches New 52-Week High – Here’s Why

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG)’s stock price reached a new 52-week high on Friday. The company traded as high as $41.34 and last traded at $41.22, with a volume of 19676 shares trading hands. The stock had previously closed at $40.89.

Pacer US Large Cap Cash Cows Growth Leaders ETF Stock Up 1.0%

The stock has a market capitalization of $2.41 billion, a P/E ratio of 30.38 and a beta of 1.04. The business has a fifty day moving average price of $39.64 and a 200-day moving average price of $38.06.

Pacer US Large Cap Cash Cows Growth Leaders ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Thursday, September 3rd were given a dividend of $0.1916 per share. The ex-dividend date was Thursday, September 3rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.9%.

Institutional Investors Weigh In On Pacer US Large Cap Cash Cows Growth Leaders ETF

Several hedge funds and other institutional investors have recently made changes to their positions in COWG. BNB Wealth Management LLC bought a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF during the 4th quarter valued at approximately $7,943,000. RVW Wealth LLC grew its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 12.8% during the second quarter. RVW Wealth LLC now owns 385,836 shares of the company’s stock valued at $15,490,000 after acquiring an additional 43,848 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 20.8% during the first quarter. EverSource Wealth Advisors LLC now owns 106,583 shares of the company’s stock valued at $3,596,000 after acquiring an additional 18,323 shares in the last quarter. Sankala Group LLC bought a new stake in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF in the fourth quarter worth about $490,000. Finally, Cozad Asset Management Inc. increased its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 41.8% in the 1st quarter. Cozad Asset Management Inc. now owns 26,112 shares of the company’s stock worth $881,000 after acquiring an additional 7,698 shares during the last quarter.

About Pacer US Large Cap Cash Cows Growth Leaders ETF

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.