Commonwealth Equity Services LLC Grows Stock Position in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Commonwealth Equity Services LLC increased its stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,100 shares of the company’s stock after buying an additional 3,707 shares during the quarter. Commonwealth Equity Services LLC owned about 4.05% of Pacer Cash Cows Fund of Funds ETF worth $3,609,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 1st quarter worth about $5,656,000. Capital Investment Advisory Services LLC purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF during the first quarter valued at approximately $653,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 30.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 41,792 shares of the company’s stock valued at $1,577,000 after buying an additional 9,638 shares during the period. Founders Financial Securities LLC raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 38.3% in the first quarter. Founders Financial Securities LLC now owns 27,743 shares of the company’s stock worth $1,090,000 after buying an additional 7,690 shares during the period. Finally, Sepio Capital LP bought a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth approximately $264,000.

Pacer Cash Cows Fund of Funds ETF Stock Up 1.1 %

HERD opened at $38.27 on Tuesday. The business has a fifty day moving average of $38.21 and a 200 day moving average of $38.23. Pacer Cash Cows Fund of Funds ETF has a 52-week low of $32.94 and a 52-week high of $39.71. The stock has a market cap of $91.85 million, a P/E ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 28th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 4.83%. The ex-dividend date was Friday, June 28th.

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.