Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Stock Price Up 0.9% – Here’s Why

Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shot up 0.9% during trading on Friday . The company traded as high as $46.81 and last traded at $46.81. 8,885 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 8,086 shares. The stock had previously closed at $46.39.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.9%

The business’s 50 day simple moving average is $45.01 and its 200-day simple moving average is $43.28. The stock has a market capitalization of $88.94 million, a price-to-earnings ratio of 13.06 and a beta of 0.89.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its stake in Pacer Cash Cows Fund of Funds ETF by 3.3% during the fourth quarter. Kestra Advisory Services LLC now owns 10,283 shares of the company’s stock worth $447,000 after purchasing an additional 329 shares during the last quarter. Jane Street Group LLC raised its holdings 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 worth $1,739,000 after buying an additional 26,469 shares in the last quarter. Tripletail Wealth Management LLC bought a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth $244,000. Founders Financial Alliance LLC bought a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth $68,000. Finally, LPL Financial LLC boosted its stake in Pacer Cash Cows Fund of Funds ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 224,658 shares of the company’s stock valued at $9,763,000 after buying an additional 4,880 shares in the last quarter.

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.