Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Trading Down 0.5% – Time to Sell?

Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) were down 0.5% during trading on Thursday . The stock traded as low as $46.81 and last traded at $47.00. Approximately 4,920 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 9,369 shares. The stock had previously closed at $47.24.

Pacer Cash Cows Fund of Funds ETF Stock Down 0.5%

The stock has a market capitalization of $94 million, a P/E ratio of 13.06 and a beta of 0.82. The company has a fifty day moving average price of $46.25 and a 200-day moving average price of $44.77.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 288.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock valued at $12,231,000 after acquiring an additional 208,937 shares during the last quarter. BNB Wealth Management LLC bought a new position in Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at $331,000. Osaic Holdings Inc. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 30.8% in the 4th quarter. Osaic Holdings Inc. now owns 70,513 shares of the company’s stock worth $3,065,000 after buying an additional 16,595 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 3.3% in the 4th quarter. Kestra Advisory Services LLC now owns 10,283 shares of the company’s stock worth $447,000 after buying an additional 329 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 195.3% during the 4th quarter. Jane Street Group LLC now owns 40,024 shares of the company’s stock valued at $1,739,000 after buying an additional 26,469 shares in the last quarter.

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.