Meridian Wealth Management LLC Buys 35,774 Shares of Pacer US Cash Cows 100 ETF (BATS:COWZ)

Meridian Wealth Management LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF (BATS:COWZ) by 18.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,782 shares of the company’s stock after acquiring an additional 35,774 shares during the quarter. Meridian Wealth Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $13,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of Pacer US Cash Cows 100 ETF by 6.1% during the third quarter. LPL Financial LLC now owns 19,767,214 shares of the company’s stock worth $1,143,138,000 after acquiring an additional 1,132,656 shares during the last quarter. Raymond James & Associates raised its stake in Pacer US Cash Cows 100 ETF by 7.5% during the third quarter. Raymond James & Associates now owns 7,235,912 shares of the company’s stock valued at $418,453,000 after purchasing an additional 503,678 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Pacer US Cash Cows 100 ETF by 4.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,731,230 shares of the company’s stock valued at $366,785,000 after purchasing an additional 257,285 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Pacer US Cash Cows 100 ETF by 25.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,404,489 shares of the company’s stock worth $348,981,000 after buying an additional 1,281,810 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Pacer US Cash Cows 100 ETF by 8.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,261,767 shares of the company’s stock worth $304,288,000 after buying an additional 400,873 shares during the last quarter.

Pacer US Cash Cows 100 ETF Trading Up 1.3 %

Shares of BATS:COWZ opened at $59.96 on Friday. The company has a market cap of $24.67 billion, a P/E ratio of 8.66 and a beta of 0.79. The firm has a 50 day simple moving average of $58.11 and a 200-day simple moving average of $56.38.

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.