Proactive Wealth Strategies LLC Takes Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Proactive Wealth Strategies LLC acquired a new stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 42,476 shares of the company’s stock, valued at approximately $2,456,000. Pacer US Cash Cows 100 ETF accounts for about 1.4% of Proactive Wealth Strategies LLC’s investment portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in Pacer US Cash Cows 100 ETF by 929,200.0% in the 1st quarter. BNP Paribas Financial Markets now owns 46,465 shares of the company’s stock worth $2,700,000 after acquiring an additional 46,460 shares during the last quarter. Koshinski Asset Management Inc. grew its position in Pacer US Cash Cows 100 ETF by 114.2% during the 1st quarter. Koshinski Asset Management Inc. now owns 8,567 shares of the company’s stock worth $498,000 after purchasing an additional 4,567 shares during the period. Delta Investment Management LLC grew its position in Pacer US Cash Cows 100 ETF by 28.2% during the 1st quarter. Delta Investment Management LLC now owns 8,027 shares of the company’s stock worth $466,000 after purchasing an additional 1,765 shares during the period. Beacon Investment Advisory Services Inc. grew its position in Pacer US Cash Cows 100 ETF by 3.6% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 88,408 shares of the company’s stock worth $5,137,000 after purchasing an additional 3,109 shares during the period. Finally, JBR Co Financial Management Inc grew its position in Pacer US Cash Cows 100 ETF by 2.9% during the 1st quarter. JBR Co Financial Management Inc now owns 68,362 shares of the company’s stock worth $3,973,000 after purchasing an additional 1,903 shares during the period.

Pacer US Cash Cows 100 ETF Price Performance

Shares of COWZ opened at $60.24 on Tuesday. The stock’s fifty day moving average is $57.52 and its 200-day moving average is $56.15. The firm has a market cap of $24.79 billion, a P/E ratio of 8.66 and a beta of 0.79.

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.