Echo Wealth Management LLC Lowers Stake in Pacer US Cash Cows 100 ETF $COWZ

Echo Wealth Management LLC lowered its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 62.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,469 shares of the company’s stock after selling 81,316 shares during the quarter. Pacer US Cash Cows 100 ETF accounts for 1.7% of Echo Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Echo Wealth Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $2,977,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in COWZ. Mercer Global Advisors Inc. ADV raised its position in shares of Pacer US Cash Cows 100 ETF by 1,256.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 889,839 shares of the company’s stock valued at $51,139,000 after buying an additional 824,222 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Pacer US Cash Cows 100 ETF during the 2nd quarter valued at $36,853,000. Tcfg Wealth Management LLC raised its position in shares of Pacer US Cash Cows 100 ETF by 2,851.3% during the 3rd quarter. Tcfg Wealth Management LLC now owns 386,323 shares of the company’s stock valued at $22,202,000 after buying an additional 373,233 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Pacer US Cash Cows 100 ETF by 104.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 527,287 shares of the company’s stock valued at $29,053,000 after buying an additional 269,560 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC grew its holdings in shares of Pacer US Cash Cows 100 ETF by 171.2% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 338,631 shares of the company’s stock valued at $19,461,000 after purchasing an additional 213,774 shares during the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ stock opened at $62.68 on Thursday. Pacer US Cash Cows 100 ETF has a 52 week low of $46.64 and a 52 week high of $64.97. The firm’s fifty day moving average is $63.16 and its 200 day moving average is $60.68. The firm has a market cap of $23.66 billion, a P/E ratio of 14.17 and a beta of 0.95.

Pacer US Cash Cows 100 ETF Profile

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.