D.A. Davidson & CO. Acquires 4,590 Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

D.A. Davidson & CO. boosted its holdings in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 21.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,995 shares of the company’s stock after acquiring an additional 4,590 shares during the quarter. D.A. Davidson & CO.’s holdings in Pacer Cash Cows Fund of Funds ETF were worth $985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 22.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock valued at $152,000 after purchasing an additional 730 shares during the period. MML Investors Services LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF in the third quarter valued at about $217,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Pacer Cash Cows Fund of Funds ETF by 35.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,157 shares of the company’s stock valued at $367,000 after purchasing an additional 2,416 shares during the last quarter. World Equity Group Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 51.9% in the third quarter. World Equity Group Inc. now owns 9,819 shares of the company’s stock valued at $393,000 after buying an additional 3,357 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 2.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 13,700 shares of the company’s stock worth $519,000 after buying an additional 318 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Price Performance

Shares of NASDAQ:HERD opened at $38.69 on Monday. The firm’s 50 day simple moving average is $38.69 and its 200 day simple moving average is $39.06. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $36.29 and a fifty-two week high of $40.74. The company has a market capitalization of $92.86 million, a price-to-earnings ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were issued a $0.1612 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Pacer Cash Cows Fund of Funds ETF Profile

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.