Summit Asset Management LLC Boosts Holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Summit Asset Management LLC raised its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,860 shares of the company’s stock after purchasing an additional 345 shares during the period. Summit Asset Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of COWZ. American Capital Advisory LLC acquired a new stake in Pacer US Cash Cows 100 ETF during the second quarter worth about $26,000. GoalVest Advisory LLC acquired a new stake in Pacer US Cash Cows 100 ETF during the second quarter worth about $29,000. Central Bank & Trust Co. acquired a new stake in Pacer US Cash Cows 100 ETF during the second quarter worth about $31,000. Strategic Financial Concepts LLC increased its position in Pacer US Cash Cows 100 ETF by 260.8% during the second quarter. Strategic Financial Concepts LLC now owns 58,613 shares of the company’s stock worth $32,000 after purchasing an additional 42,367 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Pacer US Cash Cows 100 ETF by 137.0% during the second quarter. Sunbelt Securities Inc. now owns 692 shares of the company’s stock valued at $38,000 after acquiring an additional 400 shares during the last quarter.

Pacer US Cash Cows 100 ETF Trading Down 0.1 %

Shares of COWZ opened at $59.63 on Thursday. The firm has a market capitalization of $24.53 billion, a PE ratio of 8.66 and a beta of 0.79. The company’s fifty day moving average is $57.64 and its 200-day moving average is $56.20.

Pacer US Cash Cows 100 ETF Company 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.