Independent Advisor Alliance Increases Stake in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Independent Advisor Alliance increased its holdings in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 4,827.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 313,948 shares of the company’s stock after purchasing an additional 307,576 shares during the period. Independent Advisor Alliance’s holdings in Pacer US Cash Cows 100 ETF were worth $17,732,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. DecisionPoint Financial LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at approximately $26,000. Human Investing LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at approximately $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at approximately $37,000. Kestra Investment Management LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at approximately $41,000. Finally, Crews Bank & Trust purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter valued at approximately $52,000.

Pacer US Cash Cows 100 ETF Trading Down 2.0 %

Shares of BATS:COWZ opened at $56.22 on Monday. Pacer US Cash Cows 100 ETF has a 52 week low of $53.03 and a 52 week high of $61.92. The company’s 50 day moving average is $57.55 and its two-hundred day moving average is $57.91. The company has a market cap of $24.66 billion, a PE ratio of 13.11 and a beta of 1.03.

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.