Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Position Cut by Financial Management Network Inc.

Financial Management Network Inc. cut its stake in shares of Pacer Global Cash Cows Dividend ETF (BATS:GCOW) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,507 shares of the company’s stock after selling 6,889 shares during the period. Pacer Global Cash Cows Dividend ETF accounts for about 2.9% of Financial Management Network Inc.’s portfolio, making the stock its 7th biggest position. Financial Management Network Inc. owned about 0.74% of Pacer Global Cash Cows Dividend ETF worth $13,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC raised its position in Pacer Global Cash Cows Dividend ETF by 8.9% during the third quarter. LRI Investments LLC now owns 36,582 shares of the company’s stock valued at $1,263,000 after purchasing an additional 3,000 shares during the period. FMR LLC raised its position in Pacer Global Cash Cows Dividend ETF by 51.1% during the third quarter. FMR LLC now owns 3,778 shares of the company’s stock valued at $138,000 after purchasing an additional 1,278 shares during the period. Park Avenue Securities LLC raised its position in Pacer Global Cash Cows Dividend ETF by 38.3% during the fourth quarter. Park Avenue Securities LLC now owns 9,990 shares of the company’s stock valued at $337,000 after purchasing an additional 2,768 shares during the period. HighTower Advisors LLC raised its position in Pacer Global Cash Cows Dividend ETF by 26.2% during the third quarter. HighTower Advisors LLC now owns 51,028 shares of the company’s stock valued at $1,867,000 after purchasing an additional 10,595 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Pacer Global Cash Cows Dividend ETF by 2.0% during the third quarter. J.W. Cole Advisors Inc. now owns 167,402 shares of the company’s stock valued at $6,109,000 after buying an additional 3,359 shares during the last quarter.

Pacer Global Cash Cows Dividend ETF Stock Performance

GCOW opened at $35.99 on Wednesday. The company has a market capitalization of $2.02 billion, a PE ratio of 6.24 and a beta of 0.63. The company’s 50 day simple moving average is $34.44 and its 200 day simple moving average is $35.18.

Pacer Global Cash Cows Dividend ETF Company Profile

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.