Envestnet Asset Management Inc. Raises Stock Holdings in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Envestnet Asset Management Inc. grew its stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 7.3% in the first 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 buying an additional 14,831 shares during the quarter. Envestnet Asset Management Inc. owned approximately 9.68% of Pacer Cash Cows Fund of Funds ETF worth $8,156,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at approximately $242,000. Wealth Enhancement Advisory Services LLC bought a new position in Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at approximately $297,000. Obermeyer Wealth Partners bought a new position in Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at approximately $299,000. D.A. Davidson & CO. boosted its stake in Pacer Cash Cows Fund of Funds ETF by 12.4% during the first quarter. D.A. Davidson & CO. now owns 29,230 shares of the company’s stock valued at $1,095,000 after buying an additional 3,235 shares during the last quarter. Finally, Centric Wealth Management boosted its stake in Pacer Cash Cows Fund of Funds ETF by 4.9% during the fourth quarter. Centric Wealth Management now owns 60,562 shares of the company’s stock valued at $2,296,000 after buying an additional 2,828 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Price Performance

NASDAQ:HERD opened at $40.33 on Tuesday. 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 1 year low of $32.28 and a 1 year high of $41.13. The business has a 50 day simple moving average of $39.51 and a 200-day simple moving average of $38.30.

Pacer Cash Cows Fund of Funds ETF Increases Dividend

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

Pacer Cash Cows Fund of Funds ETF Company 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.