Summit Wealth Partners LLC Purchases 3,529 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

Summit Wealth Partners LLC lifted its position in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 11.2% during the second quarter, HoldingsChannel reports. The firm owned 35,149 shares of the company’s stock after buying an additional 3,529 shares during the quarter. Summit Wealth Partners LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $1,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its stake in Pacer US Cash Cows 100 ETF by 13.3% in the second quarter. LPL Financial LLC now owns 18,634,558 shares of the company’s stock valued at $1,015,397,000 after acquiring an additional 2,184,380 shares during the period. Raymond James & Associates increased its position in shares of Pacer US Cash Cows 100 ETF by 5.5% during the second quarter. Raymond James & Associates now owns 6,732,234 shares of the company’s stock worth $366,839,000 after acquiring an additional 348,327 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Pacer US Cash Cows 100 ETF by 4.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,731,230 shares of the company’s stock worth $366,785,000 after acquiring an additional 257,285 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Pacer US Cash Cows 100 ETF by 25.0% during the second quarter. Envestnet Asset Management Inc. now owns 6,404,489 shares of the company’s stock worth $348,981,000 after acquiring an additional 1,281,810 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Pacer US Cash Cows 100 ETF by 12.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,860,894 shares of the company’s stock valued at $264,870,000 after acquiring an additional 536,715 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ stock opened at $57.75 on Wednesday. The company has a market cap of $23.76 billion, a PE ratio of 8.66 and a beta of 0.79. The business’s 50-day moving average price is $56.37 and its 200-day moving average price is $55.85.

Pacer US Cash Cows 100 ETF Profile

The Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that is based on the Pacer US Cash Cows 100 index. The fund tracks a free cash flow-weighted index of companies selected from the Russell 1000 Index. COWZ was launched on Dec 16, 2016 and is managed by Pacer.