Ballast Inc. Has $16.05 Million Stock Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Ballast Inc. lifted its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,228 shares of the company’s stock after purchasing an additional 44,544 shares during the quarter. Pacer US Cash Cows 100 ETF comprises approximately 4.6% of Ballast Inc.’s holdings, making the stock its 4th largest position. Ballast Inc. owned 0.07% of Pacer US Cash Cows 100 ETF worth $16,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in COWZ. Verition Fund Management LLC bought a new stake in Pacer US Cash Cows 100 ETF during the 3rd quarter valued at about $239,000. Brass Tax Wealth Management Inc. grew its holdings in shares of Pacer US Cash Cows 100 ETF by 15.5% during the third quarter. Brass Tax Wealth Management Inc. now owns 13,896 shares of the company’s stock valued at $804,000 after buying an additional 1,870 shares during the last quarter. Private Client Services LLC increased its position in shares of Pacer US Cash Cows 100 ETF by 4.5% during the third quarter. Private Client Services LLC now owns 69,059 shares of the company’s stock valued at $3,994,000 after acquiring an additional 2,976 shares in the last quarter. SPC Financial Inc. raised its holdings in Pacer US Cash Cows 100 ETF by 4.8% in the 2nd quarter. SPC Financial Inc. now owns 191,141 shares of the company’s stock worth $10,415,000 after acquiring an additional 8,839 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Pacer US Cash Cows 100 ETF by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,799,981 shares of the company’s stock valued at $104,084,000 after acquiring an additional 70,617 shares in the last quarter.

Pacer US Cash Cows 100 ETF Trading Up 1.8 %

Shares of COWZ opened at $58.41 on Friday. The stock has a market cap of $24.03 billion, a P/E ratio of 8.66 and a beta of 0.79. The company’s 50 day simple moving average is $58.71 and its two-hundred day simple moving average is $57.31.

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.