IMG Wealth Management Inc. Takes Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

IMG Wealth Management Inc. purchased a new stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,345 shares of the company’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DecisionPoint Financial LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the fourth quarter valued at about $26,000. Human Investing LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the fourth quarter valued at about $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Pacer US Cash Cows 100 ETF during the fourth quarter valued at about $37,000. Kestra Investment Management LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the fourth quarter valued at about $41,000. Finally, Crews Bank & Trust bought a new stake in shares of Pacer US Cash Cows 100 ETF during the fourth quarter valued at about $52,000.

Pacer US Cash Cows 100 ETF Stock Down 4.9 %

Shares of BATS COWZ opened at $54.58 on Monday. Pacer US Cash Cows 100 ETF has a fifty-two week low of $53.03 and a fifty-two week high of $61.92. The firm’s 50-day simple moving average is $57.33 and its 200 day simple moving average is $57.84. The stock has a market cap of $23.74 billion, a P/E ratio of 13.17 and a beta of 1.03.

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.