D.A. Davidson & CO. Acquires 4,590 Shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

D.A. Davidson & CO. grew its holdings in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,995 shares of the company’s stock after buying an additional 4,590 shares during the quarter. D.A. Davidson & CO. owned 1.08% of Pacer Cash Cows Fund of Funds ETF worth $985,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its position in Pacer Cash Cows Fund of Funds ETF by 35.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,157 shares of the company’s stock worth $367,000 after purchasing an additional 2,416 shares in the last quarter. World Equity Group Inc. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 51.9% in the 3rd quarter. World Equity Group Inc. now owns 9,819 shares of the company’s stock valued at $393,000 after purchasing an additional 3,357 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 15.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,423 shares of the company’s stock worth $1,018,000 after buying an additional 3,490 shares in the last quarter. Mirae Asset Securities USA Inc. bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 3rd quarter worth approximately $1,459,000. Finally, Centric Wealth Management lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 22.1% during the 3rd quarter. Centric Wealth Management now owns 57,734 shares of the company’s stock worth $2,308,000 after buying an additional 10,464 shares during the period.

Pacer Cash Cows Fund of Funds ETF Price Performance

Shares of NASDAQ:HERD opened at $38.69 on Monday. The business’s fifty day moving average price is $38.69 and its two-hundred day moving average price is $39.06. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $36.29 and a fifty-two week high of $40.74. The stock has a market capitalization of $92.86 million, a price-to-earnings ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were issued a $0.1612 dividend. The ex-dividend date of this dividend was Monday, December 30th.

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.