Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 17.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,962 shares of the company’s stock after purchasing an additional 28,120 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Pacer Cash Cows Fund of Funds ETF worth $6,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the second quarter valued at about $26,000. Cozad Asset Management Inc. acquired a new position in Pacer Cash Cows Fund of Funds ETF in the 1st quarter worth approximately $205,000. Advisory Services Network LLC purchased a new position in Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth approximately $235,000. Belpointe Asset Management LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the 4th quarter valued at $238,000. Finally, World Equity Group Inc. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 18.8% in the second quarter. World Equity Group Inc. now owns 6,462 shares of the company’s stock valued at $240,000 after purchasing an additional 1,023 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.3 %

Shares of Pacer Cash Cows Fund of Funds ETF stock opened at $39.74 on Friday. The stock has a market cap of $95.38 million, a PE ratio of 7.15 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $32.94 and a 12 month high of $40.09. The business has a fifty day simple moving average of $38.56 and a 200-day simple moving average of $38.35.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 27th will be paid a dividend of $0.1581 per share. The ex-dividend date is Friday, September 27th. This represents a $0.63 annualized dividend and a yield of 1.59%.

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.