Napa Wealth Management lowered its stake in Pacer Global Cash Cows Dividend ETF (BATS:GCOW – Free Report) by 44.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,904 shares of the company’s stock after selling 8,671 shares during the quarter. Napa Wealth Management’s holdings in Pacer Global Cash Cows Dividend ETF were worth $398,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of GCOW. CreativeOne Wealth LLC acquired a new stake in Pacer Global Cash Cows Dividend ETF in the first quarter valued at approximately $319,000. LRI Investments LLC purchased a new stake in Pacer Global Cash Cows Dividend ETF during the 1st quarter worth $1,185,000. Jane Street Group LLC lifted its holdings in Pacer Global Cash Cows Dividend ETF by 114.7% in the 1st quarter. Jane Street Group LLC now owns 650,409 shares of the company’s stock worth $22,569,000 after buying an additional 347,428 shares in the last quarter. Cetera Investment Advisers boosted its position in Pacer Global Cash Cows Dividend ETF by 1,133.7% in the 1st quarter. Cetera Investment Advisers now owns 422,881 shares of the company’s stock valued at $14,674,000 after buying an additional 388,603 shares during the last quarter. Finally, Cambridge Trust Co. acquired a new stake in shares of Pacer Global Cash Cows Dividend ETF during the first quarter valued at about $100,000.
Pacer Global Cash Cows Dividend ETF Stock Performance
Shares of BATS GCOW opened at $34.55 on Monday. The stock’s 50-day simple moving average is $35.81 and its 200-day simple moving average is $35.21. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 6.24 and a beta of 0.63.
Pacer Global Cash Cows Dividend ETF 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.
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Want to see what other hedge funds are holding GCOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacer Global Cash Cows Dividend ETF (BATS:GCOW – Free Report).
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