Hollencrest Capital Management Reduces Stake in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Hollencrest Capital Management decreased its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 6.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 489,006 shares of the company’s stock after selling 33,860 shares during the period. Pacer US Cash Cows 100 ETF accounts for 1.1% of Hollencrest Capital Management’s investment portfolio, making the stock its 21st largest position. Hollencrest Capital Management owned about 0.12% of Pacer US Cash Cows 100 ETF worth $27,619,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in COWZ. QRG Capital Management Inc. purchased a new stake in Pacer US Cash Cows 100 ETF during the 3rd quarter worth about $223,000. Verdence Capital Advisors LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 3rd quarter valued at about $218,000. Venturi Wealth Management LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the 3rd quarter valued at about $91,000. WealthPlan Investment Management LLC raised its holdings in shares of Pacer US Cash Cows 100 ETF by 9.4% in the 3rd quarter. WealthPlan Investment Management LLC now owns 108,604 shares of the company’s stock valued at $6,281,000 after acquiring an additional 9,349 shares in the last quarter. Finally, Apollon Financial LLC raised its holdings in shares of Pacer US Cash Cows 100 ETF by 7.9% in the 3rd quarter. Apollon Financial LLC now owns 42,284 shares of the company’s stock valued at $2,445,000 after acquiring an additional 3,112 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Down 4.6 %

BATS:COWZ opened at $54.72 on Wednesday. The business’s 50-day moving average price is $57.47 and its two-hundred day moving average price is $57.90. Pacer US Cash Cows 100 ETF has a twelve month low of $53.03 and a twelve month high of $61.92. The stock has a market cap of $24.00 billion, a P/E 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.