Sowell Financial Services LLC Sells 11,124 Shares of Pacer Global Cash Cows Dividend ETF (BATS:GCOW)

Sowell Financial Services LLC cut its holdings in Pacer Global Cash Cows Dividend ETF (BATS:GCOW) by 20.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,918 shares of the company’s stock after selling 11,124 shares during the period. Sowell Financial Services LLC’s holdings in Pacer Global Cash Cows Dividend ETF were worth $1,448,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GCOW. Raymond James Financial Inc. bought a new stake in Pacer Global Cash Cows Dividend ETF in the fourth quarter worth $55,916,000. Strategic Financial Concepts LLC boosted its holdings in Pacer Global Cash Cows Dividend ETF by 3,409.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 671,102 shares of the company’s stock valued at $22,643,000 after acquiring an additional 651,981 shares during the period. Jones Financial Companies Lllp boosted its holdings in Pacer Global Cash Cows Dividend ETF by 56.8% during the fourth quarter. Jones Financial Companies Lllp now owns 317,013 shares of the company’s stock valued at $10,696,000 after acquiring an additional 114,796 shares during the period. Lighthouse Wealth Management Inc. bought a new stake in Pacer Global Cash Cows Dividend ETF during the fourth quarter valued at about $3,230,000. Finally, International Assets Investment Management LLC bought a new stake in Pacer Global Cash Cows Dividend ETF during the fourth quarter valued at about $2,673,000.

Pacer Global Cash Cows Dividend ETF Price Performance

GCOW stock opened at $37.40 on Tuesday. Pacer Global Cash Cows Dividend ETF has a 52-week low of $33.34 and a 52-week high of $37.71. The company has a 50-day moving average of $35.02 and a two-hundred day moving average of $35.32. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.83 and a beta of 0.80.

About Pacer Global Cash Cows Dividend ETF

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.