Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 17.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,962 shares of the company’s stock after purchasing an additional 28,120 shares during the quarter. Envestnet Asset Management Inc. owned approximately 7.83% of Pacer Cash Cows Fund of Funds ETF worth $6,986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF in the second quarter worth $26,000. Cozad Asset Management Inc. bought a new stake in Pacer Cash Cows Fund of Funds ETF in the 1st quarter valued at about $205,000. Advisory Services Network LLC acquired a new position in Pacer Cash Cows Fund of Funds ETF during the 4th quarter valued at about $235,000. Belpointe Asset Management LLC bought a new position in Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth about $238,000. Finally, World Equity Group Inc. increased its stake in shares of Pacer Cash Cows Fund of Funds ETF by 18.8% in the second quarter. World Equity Group Inc. now owns 6,462 shares of the company’s stock valued at $240,000 after purchasing an additional 1,023 shares during the period.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.3 %

Shares of NASDAQ HERD opened at $39.74 on Friday. Pacer Cash Cows Fund of Funds ETF has a 12-month low of $32.94 and a 12-month high of $40.09. The company has a market cap of $95.38 million, a PE ratio of 7.15 and a beta of 1.00. The stock has a 50 day simple moving average of $38.56 and a 200-day simple moving average of $38.35.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 27th will be issued a dividend of $0.1581 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, September 27th.

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.