Baird Financial Group Inc. Decreases Holdings in Pacer US Cash Cows 100 ETF $COWZ

Baird Financial Group Inc. reduced its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 14.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,161,560 shares of the company’s stock after selling 198,086 shares during the period. Baird Financial Group Inc. owned approximately 0.31% of Pacer US Cash Cows 100 ETF worth $64,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proffitt & Goodson Inc. acquired a new stake in shares of Pacer US Cash Cows 100 ETF in the second quarter valued at about $25,000. Costello Asset Management INC purchased a new position in Pacer US Cash Cows 100 ETF in the 2nd quarter worth approximately $26,000. Redwood Park Advisors LLC acquired a new stake in Pacer US Cash Cows 100 ETF in the second quarter valued at approximately $28,000. Flaharty Asset Management LLC acquired a new stake in Pacer US Cash Cows 100 ETF in the first quarter valued at approximately $31,000. Finally, JFS Wealth Advisors LLC raised its stake in shares of Pacer US Cash Cows 100 ETF by 66.4% during the second quarter. JFS Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $39,000 after purchasing an additional 285 shares during the period.

Pacer US Cash Cows 100 ETF Trading Up 5.3%

BATS COWZ opened at $60.40 on Friday. The stock has a market cap of $22.80 billion, a P/E ratio of 14.17 and a beta of 0.95. The company’s fifty day simple moving average is $57.97 and its 200-day simple moving average is $56.70. Pacer US Cash Cows 100 ETF has a 52 week low of $46.64 and a 52 week high of $61.92.

About Pacer US Cash Cows 100 ETF

The Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that is based on the Pacer US Cash Cows 100 index. The fund tracks a free cash flow-weighted index of companies selected from the Russell 1000 Index. COWZ was launched on Dec 16, 2016 and is managed by Pacer.