Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.69 and traded as high as $40.40. Pacer Cash Cows Fund of Funds ETF shares last traded at $40.14, with a volume of 12,315 shares.

Pacer Cash Cows Fund of Funds ETF Trading Down 0.0 %

The stock has a market cap of $92.31 million, a P/E ratio of 7.15 and a beta of 1.00. The stock’s fifty day moving average price is $39.54 and its 200 day moving average price is $38.70.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 27th were issued a $0.1581 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.58%.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 552,783.7% during the third quarter. International Assets Investment Management LLC now owns 3,870,186 shares of the company’s stock valued at $154,962,000 after buying an additional 3,869,486 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF in the first quarter valued at about $5,656,000. Mirae Asset Securities USA Inc. purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the third quarter worth about $1,459,000. Envestnet Asset Management Inc. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 17.6% in the second quarter. Envestnet Asset Management Inc. now owns 187,962 shares of the company’s stock worth $6,986,000 after purchasing an additional 28,120 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Pacer Cash Cows Fund of Funds ETF during the 2nd quarter valued at approximately $815,000.

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.