Founders Financial Securities LLC Boosts Stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Founders Financial Securities LLC raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 38.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,743 shares of the company’s stock after buying an additional 7,690 shares during the quarter. Founders Financial Securities LLC owned about 1.13% of Pacer Cash Cows Fund of Funds ETF worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth about $38,000. EverSource Wealth Advisors LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth about $55,000. Advisory Services Network LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth about $235,000. Belpointe Asset Management LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth about $238,000. Finally, Sepio Capital LP bought a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth about $264,000.

Pacer Cash Cows Fund of Funds ETF Price Performance

HERD stock traded up $0.19 during mid-day trading on Friday, hitting $37.17. 12,090 shares of the stock were exchanged, compared to its average volume of 16,802. The business has a fifty day moving average price of $38.21 and a 200 day moving average price of $37.71. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $32.94 and a 12 month high of $39.56. The stock has a market capitalization of $92.92 million, a price-to-earnings ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 4.98%. The ex-dividend date is Friday, June 28th.

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.