Pinnacle Financial Partners Inc Buys 28,503 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

Pinnacle Financial Partners Inc increased its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 31.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 120,001 shares of the company’s stock after purchasing an additional 28,503 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Pacer US Cash Cows 100 ETF were worth $6,778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. DecisionPoint Financial LLC bought a new position in Pacer US Cash Cows 100 ETF during the 4th quarter worth approximately $26,000. Human Investing LLC bought a new position in Pacer US Cash Cows 100 ETF during the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust bought a new position in Pacer US Cash Cows 100 ETF during the 4th quarter worth approximately $37,000. Kestra Investment Management LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF in the 4th quarter worth approximately $41,000. Finally, Blue Trust Inc. bought a new stake in shares of Pacer US Cash Cows 100 ETF in the 3rd quarter worth approximately $45,000.

Pacer US Cash Cows 100 ETF Trading Up 0.8 %

Shares of COWZ stock opened at $57.87 on Friday. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79. The stock has a fifty day simple moving average of $57.76 and a 200 day simple moving average of $57.78.

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.