Waycross Investment Management Co Boosts Stock Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Waycross Investment Management Co lifted its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 42,776 shares of the company’s stock after purchasing an additional 953 shares during the period. Pacer US Cash Cows 100 ETF makes up about 2.3% of Waycross Investment Management Co’s investment portfolio, making the stock its 12th biggest position. Waycross Investment Management Co’s holdings in Pacer US Cash Cows 100 ETF were worth $2,474,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in Pacer US Cash Cows 100 ETF by 13.3% in the 2nd quarter. LPL Financial LLC now owns 18,634,558 shares of the company’s stock valued at $1,015,397,000 after purchasing an additional 2,184,380 shares during the last quarter. Raymond James & Associates grew its position in Pacer US Cash Cows 100 ETF by 5.5% in 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 during the period. Raymond James Financial Services Advisors Inc. increased its stake in 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 during the last quarter. Envestnet Asset Management Inc. raised its position in Pacer US Cash Cows 100 ETF by 25.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,404,489 shares of the company’s stock valued at $348,981,000 after purchasing an additional 1,281,810 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Pacer US Cash Cows 100 ETF by 12.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,860,894 shares of the company’s stock valued at $264,870,000 after purchasing an additional 536,715 shares during the period.

Pacer US Cash Cows 100 ETF Price Performance

Shares of BATS COWZ traded up $0.50 during mid-day trading on Friday, reaching $58.37. 1,248,231 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $56.50 and its 200-day moving average is $55.91. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79.

About Pacer US Cash Cows 100 ETF

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.