MML Investors Services LLC Makes New Investment in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

MML Investors Services LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,423 shares of the company’s stock, valued at approximately $217,000. MML Investors Services LLC owned approximately 0.24% of Pacer Cash Cows Fund of Funds ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Pacer Cash Cows Fund of Funds ETF in the 2nd quarter worth about $26,000. Cozad Asset Management Inc. increased its stake in shares of Pacer Cash Cows Fund of Funds ETF by 54.4% in the second quarter. Cozad Asset Management Inc. now owns 8,057 shares of the company’s stock valued at $299,000 after buying an additional 2,838 shares during the period. Obermeyer Wood Investment Counsel Lllp bought a new position in Pacer Cash Cows Fund of Funds ETF in the 2nd quarter valued at approximately $310,000. Patriot Financial Group Insurance Agency LLC boosted its position in Pacer Cash Cows Fund of Funds ETF by 35.8% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 9,157 shares of the company’s stock worth $367,000 after buying an additional 2,416 shares during the period. Finally, World Equity Group Inc. grew its holdings in Pacer Cash Cows Fund of Funds ETF by 51.9% during the 3rd quarter. World Equity Group Inc. now owns 9,819 shares of the company’s stock worth $393,000 after acquiring an additional 3,357 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

HERD stock opened at $38.42 on Friday. Pacer Cash Cows Fund of Funds ETF has a 52-week low of $35.45 and a 52-week high of $40.74. The company has a market capitalization of $88.37 million, a P/E ratio of 7.15 and a beta of 1.00. The company has a fifty day moving average price of $39.46 and a 200-day moving average price of $38.81.

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.