Bank of New York Mellon Corp Invests $387,000 in Pacer Global Cash Cows Dividend ETF (BATS:GCOW)

Bank of New York Mellon Corp bought a new stake in shares of Pacer Global Cash Cows Dividend ETF (BATS:GCOW) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 11,480 shares of the company’s stock, valued at approximately $387,000.

Several other institutional investors also recently bought and sold shares of GCOW. Valley National Advisers Inc. boosted its position in shares of Pacer Global Cash Cows Dividend ETF by 54.5% in the 4th quarter. Valley National Advisers Inc. now owns 3,225 shares of the company’s stock worth $108,000 after purchasing an additional 1,138 shares in the last quarter. FMR LLC raised its stake in Pacer Global Cash Cows Dividend ETF by 51.1% in the third quarter. FMR LLC now owns 3,778 shares of the company’s stock valued at $138,000 after buying an additional 1,278 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its stake in Pacer Global Cash Cows Dividend ETF by 99.6% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,890 shares of the company’s stock valued at $164,000 after buying an additional 2,440 shares during the last quarter. Schmidt P J Investment Management Inc. boosted its holdings in Pacer Global Cash Cows Dividend ETF by 5.9% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 6,217 shares of the company’s stock worth $210,000 after acquiring an additional 345 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Pacer Global Cash Cows Dividend ETF during the 3rd quarter worth approximately $219,000.

Pacer Global Cash Cows Dividend ETF Trading Up 10.0 %

BATS:GCOW opened at $37.15 on Friday. The firm has a fifty day simple moving average of $36.06 and a 200-day simple moving average of $35.45. Pacer Global Cash Cows Dividend ETF has a 12 month low of $33.34 and a 12 month high of $37.71. The company has a market capitalization of $2.17 billion, a P/E ratio of 13.67 and a beta of 0.80.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.