Commonwealth Equity Services LLC Reduces Position in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Commonwealth Equity Services LLC lowered its position in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,096 shares of the company’s stock after selling 3,945 shares during the period. Commonwealth Equity Services LLC’s holdings in Pacer Cash Cows Fund of Funds ETF were worth $3,757,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HERD. Avantax Advisory Services Inc. boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 8.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 21,843 shares of the company’s stock valued at $828,000 after purchasing an additional 1,710 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 21.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,828 shares of the company’s stock valued at $69,000 after buying an additional 325 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Pacer Cash Cows Fund of Funds ETF by 11.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 28,242 shares of the company’s stock worth $1,071,000 after acquiring an additional 2,819 shares in the last quarter. World Equity Group Inc. lifted its position in Pacer Cash Cows Fund of Funds ETF by 167.9% in the fourth quarter. World Equity Group Inc. now owns 26,304 shares of the company’s stock valued at $997,000 after acquiring an additional 16,485 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Pacer Cash Cows Fund of Funds ETF by 21.4% in the fourth quarter. D.A. Davidson & CO. now owns 25,995 shares of the company’s stock valued at $985,000 after acquiring an additional 4,590 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

HERD opened at $38.37 on Tuesday. Pacer Cash Cows Fund of Funds ETF has a one year low of $36.29 and a one year high of $40.74. The stock has a market capitalization of $92.09 million, a P/E ratio of 13.43 and a beta of 1.00. The business’s 50-day simple moving average is $38.63 and its 200-day simple moving average is $39.01.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Friday, March 7th were given a dividend of $0.108 per share. The ex-dividend date of this dividend was Friday, March 7th.

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.