Wealth Enhancement Advisory Services LLC Makes New Investment in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Wealth Enhancement Advisory Services LLC bought a new position in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,836 shares of the company’s stock, valued at approximately $297,000. Wealth Enhancement Advisory Services LLC owned about 0.33% of Pacer Cash Cows Fund of Funds ETF at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter worth about $242,000. Kestra Private Wealth Services LLC raised its stake in shares of 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. Envestnet Asset Management Inc. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 202,897 shares of the company’s stock worth $7,692,000 after buying an additional 6,618 shares during the last quarter. LPL Financial LLC raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 1.0% during the fourth quarter. LPL Financial LLC now owns 202,712 shares of the company’s stock worth $7,685,000 after buying an additional 1,939 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 11.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 28,242 shares of the company’s stock worth $1,071,000 after buying an additional 2,819 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Price Performance

HERD opened at $39.26 on Friday. The company has a market cap of $86.37 million, a price-to-earnings ratio of 13.06 and a beta of 0.91. The firm has a 50 day simple moving average of $37.53 and a 200 day simple moving average of $38.16. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $32.28 and a fifty-two week high of $40.74.

Pacer Cash Cows Fund of Funds ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, June 6th were paid a dividend of $0.1618 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from Pacer Cash Cows Fund of Funds ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, June 6th.

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.