Pacer US Cash Cows 100 ETF (BATS:COWZ) Sets New 52-Week High – Still a Buy?

Pacer US Cash Cows 100 ETF (BATS:COWZ) reached a new 52-week high during trading on Friday . The stock traded as high as $65.95 and last traded at $65.46, with a volume of 176803 shares changing hands. The stock had previously closed at $65.20.

Pacer US Cash Cows 100 ETF Stock Down 0.5%

The stock has a market cap of $24.49 billion, a P/E ratio of 14.17 and a beta of 0.95. The business’s 50-day simple moving average is $63.59 and its two-hundred day simple moving average is $63.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Motiv8 Investments LLC bought a new stake in Pacer US Cash Cows 100 ETF during the 4th quarter valued at $26,000. Field & Main Bank purchased a new position in shares of Pacer US Cash Cows 100 ETF in the fourth quarter valued at $27,000. Harbor Investment Advisory LLC purchased a new position in shares of Pacer US Cash Cows 100 ETF in the fourth quarter valued at $29,000. Colonial Trust Co SC raised its stake in shares of Pacer US Cash Cows 100 ETF by 175.6% during the 4th quarter. Colonial Trust Co SC now owns 496 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Pacer US Cash Cows 100 ETF by 1,217.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 527 shares of the company’s stock valued at $29,000 after purchasing an additional 487 shares during the period.

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.