Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Up 0.6% – Should You Buy?

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

Pacer Cash Cows Fund of Funds ETF Trading Up 0.6 %

The company has a market cap of $93.43 million, a PE ratio of 7.15 and a beta of 1.00. The stock has a 50 day moving average price of $39.11 and a 200 day moving average price of $38.87.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in Pacer Cash Cows Fund of Funds ETF by 12.1% during the third quarter. D.A. Davidson & CO. now owns 21,405 shares of the company’s stock valued at $857,000 after buying an additional 2,315 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake 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 valued at $367,000 after buying an additional 2,416 shares during the last quarter. World Equity Group Inc. raised its stake in Pacer Cash Cows Fund of Funds ETF by 51.9% during the third quarter. World Equity Group Inc. now owns 9,819 shares of the company’s stock valued at $393,000 after buying an additional 3,357 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Pacer Cash Cows Fund of Funds ETF by 15.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 25,423 shares of the company’s stock valued at $1,018,000 after buying an additional 3,490 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in Pacer Cash Cows Fund of Funds ETF during the third quarter valued at $217,000.

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.