Chicago Wealth Management Inc. Reduces Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Chicago Wealth Management Inc. reduced its position in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,007 shares of the company’s stock after selling 2,527 shares during the quarter. Pacer US Cash Cows 100 ETF comprises 6.3% of Chicago Wealth Management Inc.’s portfolio, making the stock its 6th largest holding. Chicago Wealth Management Inc. owned about 0.06% of Pacer US Cash Cows 100 ETF worth $9,203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Pacer US Cash Cows 100 ETF in the 4th quarter worth about $85,260,000. Envestnet Asset Management Inc. lifted its holdings in shares of Pacer US Cash Cows 100 ETF by 69.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,276,874 shares of the company’s stock valued at $161,976,000 after purchasing an additional 1,341,873 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Pacer US Cash Cows 100 ETF by 10.3% during the third quarter. LPL Financial LLC now owns 13,217,124 shares of the company’s stock valued at $653,322,000 after buying an additional 1,233,027 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Pacer US Cash Cows 100 ETF by 318.3% during the third quarter. Axxcess Wealth Management LLC now owns 1,434,276 shares of the company’s stock valued at $70,896,000 after buying an additional 1,091,376 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Pacer US Cash Cows 100 ETF by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 9,498,765 shares of the company’s stock valued at $493,841,000 after buying an additional 822,076 shares during the period.

Pacer US Cash Cows 100 ETF Trading Down 0.1 %

COWZ traded down $0.08 on Tuesday, reaching $54.81. 2,043,347 shares of the company traded hands. The stock has a market cap of $22.55 billion, a P/E ratio of 8.66 and a beta of 0.79. The business has a 50-day moving average price of $55.65 and a 200 day moving average price of $53.84.

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.