World Equity Group Inc. Grows Position in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

World Equity Group Inc. boosted its stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 51.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,819 shares of the company’s stock after buying an additional 3,357 shares during the period. World Equity Group Inc. owned approximately 0.43% of Pacer Cash Cows Fund of Funds ETF worth $393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HERD. International Assets Investment Management LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the 2nd quarter worth approximately $26,000. Cozad Asset Management Inc. acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the first quarter valued at $205,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 27.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 6,741 shares of the company’s stock valued at $251,000 after purchasing an additional 1,467 shares during the period. Obermeyer Wood Investment Counsel Lllp acquired a new position in Pacer Cash Cows Fund of Funds ETF during the 2nd quarter worth $310,000. Finally, Avantax Advisory Services Inc. increased its holdings in Pacer Cash Cows Fund of Funds ETF by 36.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 19,854 shares of the company’s stock worth $780,000 after purchasing an additional 5,258 shares during the period.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Shares of Pacer Cash Cows Fund of Funds ETF stock opened at $39.22 on Tuesday. Pacer Cash Cows Fund of Funds ETF has a one year low of $33.30 and a one year high of $40.09. The business has a 50-day simple moving average of $39.18 and a 200-day simple moving average of $38.50. The company has a market cap of $90.21 million, a PE ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 27th were paid a $0.1581 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, September 27th.

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.