Quantinno Capital Management LP Purchases New Shares in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Quantinno Capital Management LP acquired a new position in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,152 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COWZ. LPL Financial LLC raised its stake in Pacer US Cash Cows 100 ETF by 6.1% in the 3rd quarter. LPL Financial LLC now owns 19,767,214 shares of the company’s stock valued at $1,143,138,000 after purchasing an additional 1,132,656 shares during the last quarter. Raymond James & Associates raised its position in shares of Pacer US Cash Cows 100 ETF by 7.5% in the third quarter. Raymond James & Associates now owns 7,235,912 shares of the company’s stock valued at $418,453,000 after buying an additional 503,678 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Pacer US Cash Cows 100 ETF by 25.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,404,489 shares of the company’s stock worth $348,981,000 after buying an additional 1,281,810 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Pacer US Cash Cows 100 ETF by 8.2% during the third quarter. Commonwealth Equity Services LLC now owns 5,261,767 shares of the company’s stock worth $304,288,000 after acquiring an additional 400,873 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Pacer US Cash Cows 100 ETF by 8.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,353,982 shares of the company’s stock valued at $237,248,000 after acquiring an additional 357,365 shares in the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ stock opened at $58.41 on Tuesday. The firm has a market cap of $24.03 billion, a P/E ratio of 8.66 and a beta of 0.79. The company has a 50 day simple moving average of $59.06 and a 200-day simple moving average of $56.98.

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.