Financial Management Network Inc. Cuts Stake in Pacer Global Cash Cows Dividend ETF (BATS:GCOW)

Financial Management Network Inc. decreased its holdings in shares of Pacer Global Cash Cows Dividend ETF (BATS:GCOW) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 412,507 shares of the company’s stock after selling 6,889 shares during the quarter. Pacer Global Cash Cows Dividend ETF accounts for about 2.9% of Financial Management Network Inc.’s investment portfolio, making the stock its 7th biggest position. Financial Management Network Inc.’s holdings in Pacer Global Cash Cows Dividend ETF were worth $13,967,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GCOW. Atria Wealth Solutions Inc. grew its stake in Pacer Global Cash Cows Dividend ETF by 1.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 58,991 shares of the company’s stock worth $2,007,000 after purchasing an additional 799 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in Pacer Global Cash Cows Dividend ETF by 321.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 80,658 shares of the company’s stock worth $2,721,000 after purchasing an additional 61,537 shares in the last quarter. Investment Partners Asset Management Inc. grew its stake in Pacer Global Cash Cows Dividend ETF by 11.8% in the fourth quarter. Investment Partners Asset Management Inc. now owns 43,348 shares of the company’s stock worth $1,463,000 after purchasing an additional 4,567 shares in the last quarter. Perissos Private Wealth Management LLC grew its stake in Pacer Global Cash Cows Dividend ETF by 5.5% in the fourth quarter. Perissos Private Wealth Management LLC now owns 38,819 shares of the company’s stock worth $1,310,000 after purchasing an additional 2,007 shares in the last quarter. Finally, Sovran Advisors LLC bought a new position in Pacer Global Cash Cows Dividend ETF in the fourth quarter worth approximately $667,000.

Pacer Global Cash Cows Dividend ETF Stock Performance

Shares of BATS:GCOW opened at $35.99 on Wednesday. The company has a market capitalization of $2.02 billion, a PE ratio of 6.24 and a beta of 0.63. The business has a 50-day moving average price of $34.44 and a 200 day moving average price of $35.18.

Pacer Global Cash Cows Dividend ETF Company Profile

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.