Lowe Wealth Advisors LLC Increases Holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Lowe Wealth Advisors LLC increased its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,461 shares of the company’s stock after acquiring an additional 1,163 shares during the period. Pacer US Cash Cows 100 ETF makes up approximately 0.4% of Lowe Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Lowe Wealth Advisors LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Pacer US Cash Cows 100 ETF by 25.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,404,489 shares of the company’s stock worth $348,981,000 after purchasing an additional 1,281,810 shares during the period. LPL Financial LLC increased its position in Pacer US Cash Cows 100 ETF by 6.1% during the third quarter. LPL Financial LLC now owns 19,767,214 shares of the company’s stock valued at $1,143,138,000 after acquiring an additional 1,132,656 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the second quarter valued at $61,929,000. Thrivent Financial for Lutherans lifted its holdings in shares of Pacer US Cash Cows 100 ETF by 230.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 884,559 shares of the company’s stock worth $51,154,000 after acquiring an additional 616,518 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Pacer US Cash Cows 100 ETF by 150.4% during the 2nd quarter. Truist Financial Corp now owns 902,091 shares of the company’s stock worth $49,155,000 after purchasing an additional 541,800 shares during the period.

Pacer US Cash Cows 100 ETF Stock Down 0.2 %

BATS:COWZ traded down $0.12 during mid-day trading on Friday, hitting $56.91. 1,944,372 shares of the stock traded hands. The stock has a market cap of $23.42 billion, a PE ratio of 8.66 and a beta of 0.79. The stock has a 50 day moving average price of $58.75 and a 200 day moving average price of $57.20.

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.