Janney Montgomery Scott LLC Invests $81.03 Million in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Janney Montgomery Scott LLC bought a new position in Pacer US Cash Cows 100 ETF (BATS:COWZ) in the fourth quarter, HoldingsChannel.com reports. The fund bought 1,434,643 shares of the company’s stock, valued at approximately $81,029,000.

A number of other hedge funds have also modified their holdings of COWZ. Sunbelt Securities Inc. grew its position in Pacer US Cash Cows 100 ETF by 137.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 692 shares of the company’s stock worth $38,000 after acquiring an additional 400 shares during the last quarter. Blue Trust Inc. bought a new stake in Pacer US Cash Cows 100 ETF during the 3rd quarter worth approximately $45,000. Investors Research Corp grew its position in Pacer US Cash Cows 100 ETF by 498.8% during the 3rd quarter. Investors Research Corp now owns 1,006 shares of the company’s stock worth $58,000 after acquiring an additional 838 shares during the last quarter. Key Financial Inc grew its position in Pacer US Cash Cows 100 ETF by 56.7% during the 3rd quarter. Key Financial Inc now owns 1,133 shares of the company’s stock worth $66,000 after acquiring an additional 410 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Pacer US Cash Cows 100 ETF by 17.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,369 shares of the company’s stock worth $79,000 after acquiring an additional 207 shares during the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

BATS COWZ opened at $58.36 on Thursday. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 8.66 and a beta of 0.79. The stock’s 50 day simple moving average is $58.63 and its 200 day simple moving average is $57.41.

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.