HighTower Advisors LLC Lowers Position in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

HighTower Advisors LLC trimmed its position in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 96.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,253 shares of the company’s stock after selling 149,088 shares during the quarter. HighTower Advisors LLC owned 0.26% of Pacer Cash Cows Fund of Funds ETF worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. World Equity Group Inc. lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 167.9% during the fourth quarter. World Equity Group Inc. now owns 26,304 shares of the company’s stock valued at $997,000 after purchasing an additional 16,485 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 20.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 72,901 shares of the company’s stock worth $2,919,000 after buying an additional 12,589 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 3rd quarter worth approximately $217,000. D.A. Davidson & CO. boosted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 21.4% in the 4th quarter. D.A. Davidson & CO. now owns 25,995 shares of the company’s stock worth $985,000 after buying an additional 4,590 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 11.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 28,242 shares of the company’s stock valued at $1,071,000 after acquiring an additional 2,819 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.8 %

Shares of Pacer Cash Cows Fund of Funds ETF stock opened at $37.94 on Thursday. The business’s fifty day simple moving average is $38.50 and its 200 day simple moving average is $38.99. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $36.29 and a 12 month high of $40.74. The firm has a market capitalization of $91.06 million, a P/E ratio of 13.43 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Friday, March 7th were paid a dividend of $0.108 per share. The ex-dividend date was Friday, March 7th.

About Pacer Cash Cows Fund of Funds ETF

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.