Independent Financial Group LLC Makes New Investment in Pacer Global Cash Cows Dividend ETF $GCOW

Independent Financial Group LLC acquired a new stake in shares of Pacer Global Cash Cows Dividend ETF (BATS:GCOW) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 80,562 shares of the company’s stock, valued at approximately $3,725,000. Independent Financial Group LLC owned approximately 0.13% of Pacer Global Cash Cows Dividend ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Pacer Global Cash Cows Dividend ETF by 2.7% in the third quarter. Bank of America Corp DE now owns 7,601,822 shares of the company’s stock worth $301,184,000 after acquiring an additional 201,869 shares in the last quarter. LPL Financial LLC lifted its position in shares of Pacer Global Cash Cows Dividend ETF by 6.6% in the 4th quarter. LPL Financial LLC now owns 3,301,076 shares of the company’s stock valued at $136,070,000 after acquiring an additional 203,855 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Pacer Global Cash Cows Dividend ETF by 2.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,986,356 shares of the company’s stock worth $75,422,000 after purchasing an additional 44,905 shares during the period. Cetera Investment Advisers boosted its stake in Pacer Global Cash Cows Dividend ETF by 23.6% in the 4th quarter. Cetera Investment Advisers now owns 1,286,963 shares of the company’s stock worth $53,049,000 after purchasing an additional 245,444 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Pacer Global Cash Cows Dividend ETF by 6.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 831,634 shares of the company’s stock worth $34,280,000 after purchasing an additional 49,932 shares during the period.

Pacer Global Cash Cows Dividend ETF Stock Performance

BATS GCOW opened at $45.08 on Friday. Pacer Global Cash Cows Dividend ETF has a twelve month low of $37.96 and a twelve month high of $47.57. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69. The firm’s 50 day moving average price is $44.99 and its two-hundred day moving average price is $45.00.

Pacer Global Cash Cows Dividend ETF Company Profile

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.