Envestnet Asset Management Inc. Sells 3,340,562 Shares of Pacer US Cash Cows 100 ETF $COWZ

Envestnet Asset Management Inc. reduced its holdings in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 44.9% in the second quarter, HoldingsChannel reports. The firm owned 4,107,672 shares of the company’s stock after selling 3,340,562 shares during the period. Envestnet Asset Management Inc.’s holdings in Pacer US Cash Cows 100 ETF were worth $226,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of COWZ. Proffitt & Goodson Inc. bought a new stake in shares of Pacer US Cash Cows 100 ETF during the second quarter valued at approximately $25,000. Costello Asset Management INC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the second quarter valued at approximately $26,000. Brentview Investment Management LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the first quarter valued at approximately $27,000. Flaharty Asset Management LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF during the first quarter valued at approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Pacer US Cash Cows 100 ETF during the first quarter valued at approximately $34,000.

Pacer US Cash Cows 100 ETF Stock Up 1.7%

BATS COWZ opened at $58.34 on Tuesday. The company has a market cap of $22.02 billion, a price-to-earnings ratio of 14.17 and a beta of 0.95. Pacer US Cash Cows 100 ETF has a 52 week low of $46.64 and a 52 week high of $61.92. The business has a 50 day moving average price of $57.42 and a 200-day moving average price of $55.42.

About Pacer US Cash Cows 100 ETF

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.