Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Trading Down 0.1% – Here’s What Happened

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shares fell 0.1% on Friday . The stock traded as low as $52.51 and last traded at $52.56. 8,690 shares were traded during trading, an increase of 31% from the average session volume of 6,621 shares. The stock had previously closed at $52.59.

Pacer Cash Cows Fund of Funds ETF Trading Down 0.1%

The stock has a fifty day moving average of $49.64 and a 200-day moving average of $47.86. The firm has a market capitalization of $105.12 million, a price-to-earnings ratio of 13.06 and a beta of 0.78.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

A number of institutional investors have recently bought and sold shares of HERD. D.A. Davidson & CO. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 38.9% during the fourth quarter. D.A. Davidson & CO. now owns 55,168 shares of the company’s stock valued at $2,398,000 after buying an additional 15,446 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 288.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock worth $12,231,000 after acquiring an additional 208,937 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 124.2% in the first quarter. EverSource Wealth Advisors LLC now owns 3,931 shares of the company’s stock worth $180,000 after acquiring an additional 2,178 shares in the last quarter. World Equity Group Inc. raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 2.0% during the second quarter. World Equity Group Inc. now owns 11,064 shares of the company’s stock valued at $521,000 after acquiring an additional 218 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the third quarter valued at approximately $34,000.

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.