Obermeyer Wealth Partners Makes New Investment in Pacer Cash Cows Fund of Funds ETF $HERD

Obermeyer Wealth Partners acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 13,817 shares of the company’s stock, valued at approximately $675,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. World Equity Group Inc. boosted its position in 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 purchasing an additional 218 shares during the last quarter. Farther Finance Advisors LLC increased its position in Pacer Cash Cows Fund of Funds ETF by 76.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,937 shares of the company’s stock worth $241,000 after purchasing an additional 2,142 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Pacer Cash Cows Fund of Funds ETF by 124.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,931 shares of the company’s stock worth $180,000 after purchasing an additional 2,178 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Pacer Cash Cows Fund of Funds ETF in the 2nd quarter worth about $161,000. Finally, D.A. Davidson & CO. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 12.0% during the 1st quarter. D.A. Davidson & CO. now owns 61,780 shares of the company’s stock worth $2,826,000 after purchasing an additional 6,612 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Price Performance

HERD opened at $50.99 on Thursday. The company has a market capitalization of $104.53 million, a PE ratio of 13.06 and a beta of 0.80. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $41.83 and a fifty-two week high of $53.00. The business has a 50-day moving average of $50.87 and a 200-day moving average of $49.02.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Friday, September 4th were issued a $0.5476 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.19 dividend on an annualized basis and a yield of 4.3%.

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.