Founders Financial Securities LLC Buys 7,690 Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Founders Financial Securities LLC increased its stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 38.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,743 shares of the company’s stock after purchasing an additional 7,690 shares during the quarter. Founders Financial Securities LLC’s holdings in Pacer Cash Cows Fund of Funds ETF were worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Principal Securities Inc. purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth $38,000. EverSource Wealth Advisors LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth $55,000. Stratos Wealth Partners LTD. increased its stake in Pacer Cash Cows Fund of Funds ETF by 14.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 19,749 shares of the company’s stock worth $745,000 after buying an additional 2,566 shares in the last quarter. Prosperity Wealth Management Inc. increased its stake in Pacer Cash Cows Fund of Funds ETF by 15.4% in the 4th quarter. Prosperity Wealth Management Inc. now owns 36,255 shares of the company’s stock worth $1,368,000 after buying an additional 4,825 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth $235,000.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.5 %

HERD stock traded up $0.19 during trading on Friday, reaching $37.17. The company’s stock had a trading volume of 12,090 shares, compared to its average volume of 16,802. Pacer Cash Cows Fund of Funds ETF has a 1 year low of $32.94 and a 1 year high of $39.56. The company has a market capitalization of $92.92 million, a P/E ratio of 7.15 and a beta of 1.00. The company’s fifty day moving average is $38.21 and its 200-day moving average is $37.71.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 28th will be paid a $0.4625 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.85 dividend on an annualized basis and a yield of 4.98%.

Pacer Cash Cows Fund of Funds ETF Company Profile

The Pacer Cash Cows Fund of Funds ETF (HERD) is an exchange-traded fund that is based on the Pacer Cash Cows Fund of Funds index. The fund tracks an index of five equally-weighted funds focused on companies in developed markets with high free cash flow yields. HERD was launched on May 3, 2019 and is managed by Pacer.