Obermeyer Wealth Partners Invests $299,000 in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

Obermeyer Wealth Partners acquired a new stake in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 7,886 shares of the company’s stock, valued at approximately $299,000.

A number of other institutional investors have also made changes to their positions in HERD. Kestra Private Wealth Services LLC grew its position in Pacer Cash Cows Fund of Funds ETF by 2.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,700 shares of the company’s stock valued at $519,000 after purchasing an additional 318 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 21.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,828 shares of the company’s stock worth $69,000 after buying an additional 325 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 22.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock valued at $152,000 after acquiring an additional 730 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 8.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 21,843 shares of the company’s stock valued at $828,000 after acquiring an additional 1,710 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Pacer Cash Cows Fund of Funds ETF by 1.0% during the fourth quarter. LPL Financial LLC now owns 202,712 shares of the company’s stock worth $7,685,000 after acquiring an additional 1,939 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Shares of NASDAQ HERD opened at $38.99 on Wednesday. The stock has a 50 day moving average price of $36.73 and a 200 day moving average price of $38.24. Pacer Cash Cows Fund of Funds ETF has a 52 week low of $32.28 and a 52 week high of $40.74. The stock has a market capitalization of $87.73 million, a PE ratio of 12.87 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 13th. Stockholders of record on Friday, March 7th were paid a dividend of $0.108 per share. The ex-dividend date of this dividend was Friday, March 7th.

About Pacer Cash Cows Fund of Funds ETF

The Pacer Cash Cows Fund of Funds ETF (HERD) is an exchange-traded fund that is based on the Pacer Cash Cows Fund of Funds index. The fund tracks an index of five equally-weighted funds focused on companies in developed markets with high free cash flow yields. HERD was launched on May 3, 2019 and is managed by Pacer.