Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Up 0.4% – Time to Buy?

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) shot up 0.4% during mid-day trading on Wednesday . The company traded as high as $46.25 and last traded at $45.91. 29,474 shares traded hands during trading, an increase of 200% from the average session volume of 9,827 shares. The stock had previously closed at $45.74.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.4%

The stock has a market capitalization of $87.23 million, a P/E ratio of 13.06 and a beta of 0.89. The business has a fifty day simple moving average of $45.96 and a 200 day simple moving average of $44.32.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

Hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 288.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock valued at $12,231,000 after purchasing an additional 208,937 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 195.3% in the 4th quarter. Jane Street Group LLC now owns 40,024 shares of the company’s stock worth $1,739,000 after purchasing an additional 26,469 shares in the last quarter. 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 during the last quarter. D.A. Davidson & CO. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 38.9% in the 4th quarter. D.A. Davidson & CO. now owns 55,168 shares of the company’s stock worth $2,398,000 after buying an additional 15,446 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Pacer Cash Cows Fund of Funds ETF by 4.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 228,052 shares of the company’s stock valued at $9,660,000 after buying an additional 9,936 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.