JPMorgan Chase & Co. Trims Stock Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

JPMorgan Chase & Co. decreased its position in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 425,812 shares of the company’s stock after selling 3,680 shares during the period. JPMorgan Chase & Co.’s holdings in Pacer US Cash Cows 100 ETF were worth $24,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC grew its holdings in shares of Pacer US Cash Cows 100 ETF by 260.8% during the 2nd 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 period. Sunbelt Securities Inc. raised its holdings in Pacer US Cash Cows 100 ETF by 137.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 692 shares of the company’s stock valued at $38,000 after buying an additional 400 shares during the period. Blue Trust Inc. acquired a new position in Pacer US Cash Cows 100 ETF in the third quarter valued at about $45,000. Investors Research Corp boosted its stake in Pacer US Cash Cows 100 ETF by 498.8% during the third quarter. Investors Research Corp now owns 1,006 shares of the company’s stock worth $58,000 after buying an additional 838 shares during the period. Finally, Key Financial Inc boosted its stake in Pacer US Cash Cows 100 ETF by 56.7% during the third quarter. Key Financial Inc now owns 1,133 shares of the company’s stock worth $66,000 after buying an additional 410 shares during the period.

Pacer US Cash Cows 100 ETF Trading Down 0.2 %

Shares of BATS COWZ opened at $56.91 on Thursday. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79. The firm has a 50-day moving average price of $58.75 and a 200 day moving average price of $57.19.

About Pacer US Cash Cows 100 ETF

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.