Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Position Decreased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its holdings in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 13.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,411 shares of the company’s stock after selling 4,924 shares during the period. Cambridge Investment Research Advisors Inc. owned about 1.35% of Pacer Cash Cows Fund of Funds ETF worth $1,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cetera Investment Advisers acquired a new position in Pacer Cash Cows Fund of Funds ETF in the first quarter worth approximately $5,656,000. Commonwealth Equity Services LLC raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 42.6% during the first quarter. Commonwealth Equity Services LLC now owns 93,393 shares of the company’s stock worth $3,669,000 after purchasing an additional 27,910 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the first quarter worth $653,000. Founders Financial Securities LLC lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 38.3% during the first quarter. Founders Financial Securities LLC now owns 27,743 shares of the company’s stock valued at $1,090,000 after purchasing an additional 7,690 shares during the last quarter. Finally, Sepio Capital LP acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter valued at $264,000.

Pacer Cash Cows Fund of Funds ETF Trading Down 0.9 %

Shares of HERD opened at $38.34 on Thursday. The business’s 50-day moving average price is $38.15 and its 200 day moving average price is $38.20. The stock has a market capitalization of $92.02 million, a P/E ratio of 7.15 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 1-year low of $32.94 and a 1-year high of $39.71.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Friday, June 28th.

Pacer Cash Cows Fund of Funds ETF 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.