Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Down 0.6% – Here’s Why

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)’s stock price dropped 0.6% during mid-day trading on Tuesday . The stock traded as low as $45.70 and last traded at $45.70. Approximately 4,643 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 8,416 shares. The stock had previously closed at $45.98.

Pacer Cash Cows Fund of Funds ETF Stock Down 0.6%

The business has a fifty day moving average of $45.65 and a 200 day moving average of $43.98. The firm has a market cap of $86.83 million, a P/E ratio of 13.06 and a beta of 0.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased 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 acquiring an additional 26,469 shares during the last quarter. Osaic Holdings Inc. boosted its position in Pacer Cash Cows Fund of Funds ETF by 30.8% during the fourth quarter. Osaic Holdings Inc. now owns 70,513 shares of the company’s stock worth $3,065,000 after purchasing an additional 16,595 shares during the period. D.A. Davidson & CO. boosted its position in Pacer Cash Cows Fund of Funds ETF by 38.9% during the fourth quarter. D.A. Davidson & CO. now owns 55,168 shares of the company’s stock worth $2,398,000 after purchasing an additional 15,446 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 4.6% in the third quarter. Envestnet Asset Management Inc. now owns 228,052 shares of the company’s stock valued at $9,660,000 after purchasing an additional 9,936 shares during the last quarter. Finally, BNB Wealth Management LLC acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at $331,000.

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.