Spinnaker Trust Purchases 11,827 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

Spinnaker Trust increased its holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 15.4% during the fourth quarter, HoldingsChannel reports. The fund owned 88,527 shares of the company’s stock after acquiring an additional 11,827 shares during the quarter. Spinnaker Trust’s holdings in Pacer US Cash Cows 100 ETF were worth $4,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SFG Wealth Management LLC. boosted its stake in shares of Pacer US Cash Cows 100 ETF by 4.6% in the 3rd quarter. SFG Wealth Management LLC. now owns 5,053 shares of the company’s stock worth $250,000 after buying an additional 220 shares during the last quarter. Larson Financial Group LLC grew its holdings in Pacer US Cash Cows 100 ETF by 77.2% during the third quarter. Larson Financial Group LLC now owns 512 shares of the company’s stock valued at $25,000 after purchasing an additional 223 shares during the period. Caprock Group LLC increased its position in Pacer US Cash Cows 100 ETF by 5.3% in the third quarter. Caprock Group LLC now owns 4,674 shares of the company’s stock worth $231,000 after buying an additional 234 shares during the last quarter. Western Wealth Management LLC raised its stake in shares of Pacer US Cash Cows 100 ETF by 0.9% in the fourth quarter. Western Wealth Management LLC now owns 27,201 shares of the company’s stock valued at $1,414,000 after buying an additional 243 shares during the period. Finally, Camarda Financial Advisors LLC grew its stake in shares of Pacer US Cash Cows 100 ETF by 0.7% during the 3rd quarter. Camarda Financial Advisors LLC now owns 37,172 shares of the company’s stock worth $1,837,000 after acquiring an additional 244 shares during the period.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ traded up $0.16 during trading hours on Friday, hitting $55.55. The stock had a trading volume of 1,793,849 shares. The firm’s 50-day simple moving average is $55.70 and its two-hundred day simple moving average is $52.35. The stock has a market capitalization of $22.35 billion, a PE ratio of 8.87 and a beta of 0.81.

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.