Envestnet Asset Management Inc. Increases Position in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Envestnet Asset Management Inc. grew its holdings in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 7.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,728 shares of the company’s stock after acquiring an additional 14,831 shares during the period. Envestnet Asset Management Inc. owned about 9.68% of Pacer Cash Cows Fund of Funds ETF worth $8,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of HERD. Cetera Investment Advisers boosted its position in Pacer Cash Cows Fund of Funds ETF by 169.4% during the fourth quarter. Cetera Investment Advisers now owns 435,767 shares of the company’s stock worth $16,519,000 after purchasing an additional 274,017 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 1.0% in the 4th quarter. LPL Financial LLC now owns 202,712 shares of the company’s stock valued at $7,685,000 after purchasing an additional 1,939 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 10.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 80,581 shares of the company’s stock valued at $3,055,000 after purchasing an additional 7,680 shares during the last quarter. Centric Wealth Management raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 4.9% in the 4th quarter. Centric Wealth Management now owns 60,562 shares of the company’s stock valued at $2,296,000 after acquiring an additional 2,828 shares during the period. Finally, D.A. Davidson & CO. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 12.4% in the 1st quarter. D.A. Davidson & CO. now owns 29,230 shares of the company’s stock valued at $1,095,000 after acquiring an additional 3,235 shares during the period.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.3%

Pacer Cash Cows Fund of Funds ETF stock opened at $40.33 on Tuesday. The firm has a 50-day moving average price of $39.51 and a two-hundred day moving average price of $38.30. The firm has a market capitalization of $86.71 million, a price-to-earnings ratio of 13.06 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 52-week low of $32.28 and a 52-week high of $41.13.

Pacer Cash Cows Fund of Funds ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, June 6th were paid a $0.1618 dividend. This is a positive change from Pacer Cash Cows Fund of Funds ETF’s previous quarterly dividend of $0.16. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, June 6th.

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.