Park Avenue Securities LLC Lowers Holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Park Avenue Securities LLC reduced its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,079 shares of the company’s stock after selling 12,125 shares during the quarter. Park Avenue Securities LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $5,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of COWZ. Rocky Mountain Advisers LLC bought a new position in Pacer US Cash Cows 100 ETF during the first quarter valued at approximately $26,000. American Capital Advisory LLC bought a new position in shares of Pacer US Cash Cows 100 ETF during the 2nd quarter valued at approximately $26,000. GoalVest Advisory LLC purchased a new position in shares of Pacer US Cash Cows 100 ETF in the second quarter valued at $29,000. Central Bank & Trust Co. bought a new stake in Pacer US Cash Cows 100 ETF in the second quarter worth $31,000. Finally, Strategic Financial Concepts LLC increased its position in Pacer US Cash Cows 100 ETF by 260.8% in the second quarter. Strategic Financial Concepts LLC now owns 58,613 shares of the company’s stock worth $32,000 after purchasing an additional 42,367 shares during the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ traded up $0.50 on Friday, hitting $58.37. The company had a trading volume of 1,248,231 shares. The company’s 50-day moving average is $56.50 and its two-hundred day moving average is $55.91. The firm has a market cap of $24.02 billion, a P/E ratio of 8.66 and a beta of 0.79.

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.