Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Trading Up 0.6% – Here’s Why

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)’s stock price was up 0.6% during mid-day trading on Friday . The stock traded as high as $39.03 and last traded at $38.93. Approximately 8,573 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 12,834 shares. The stock had previously closed at $38.71.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.6 %

The company has a market cap of $93.43 million, a P/E ratio of 7.15 and a beta of 1.00. The firm has a 50 day moving average of $39.11 and a 200-day moving average of $38.87.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were paid a $0.1612 dividend. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HERD. Oppenheimer Asset Management Inc. purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the second quarter worth $815,000. Envestnet Asset Management Inc. lifted its holdings in Pacer Cash Cows Fund of Funds ETF by 17.6% during the second quarter. Envestnet Asset Management Inc. now owns 187,962 shares of the company’s stock worth $6,986,000 after buying an additional 28,120 shares during the period. Cetera Investment Advisers lifted its holdings in Pacer Cash Cows Fund of Funds ETF by 9.8% during the second quarter. Cetera Investment Advisers now owns 158,065 shares of the company’s stock worth $5,875,000 after buying an additional 14,113 shares during the period. International Assets Investment Management LLC lifted its holdings in 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 worth $154,962,000 after buying an additional 3,869,486 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Pacer Cash Cows Fund of Funds ETF by 35.8% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,157 shares of the company’s stock worth $367,000 after buying an additional 2,416 shares during the period.

About Pacer Cash Cows Fund of Funds ETF

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.