Advisory Resource Group Sells 21,796 Shares of Pacer Cash Cows Fund of Funds ETF $HERD

Advisory Resource Group lowered its stake in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,288 shares of the company’s stock after selling 21,796 shares during the period. Pacer Cash Cows Fund of Funds ETF accounts for about 1.2% of Advisory Resource Group’s investment portfolio, making the stock its 17th largest position. Advisory Resource Group owned about 7.44% of Pacer Cash Cows Fund of Funds ETF worth $6,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 7.3% during the first quarter. Envestnet Asset Management Inc. now owns 217,728 shares of the company’s stock valued at $8,156,000 after purchasing an additional 14,831 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 12.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,426 shares of the company’s stock valued at $344,000 after acquiring an additional 912 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the second quarter worth approximately $141,000. Convergence Financial LLC purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF in the 2nd quarter worth approximately $282,000. Finally, Avantax Advisory Services Inc. lifted its position in Pacer Cash Cows Fund of Funds ETF by 23.4% in the first quarter. Avantax Advisory Services Inc. now owns 26,944 shares of the company’s stock worth $1,009,000 after buying an additional 5,101 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Price Performance

Pacer Cash Cows Fund of Funds ETF stock opened at $43.31 on Friday. The firm has a market capitalization of $88.79 million, a P/E ratio of 13.06 and a beta of 0.89. The company’s 50-day moving average is $42.58 and its 200 day moving average is $40.91. Pacer Cash Cows Fund of Funds ETF has a 1-year low of $32.28 and a 1-year high of $43.86.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, September 11th. Investors of record on Friday, September 5th were issued a $0.1873 dividend. The ex-dividend date was Friday, September 5th.

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.