Summit Asset Management LLC Has $495,000 Holdings in Pacer US Cash Cows 100 ETF $COWZ

Summit Asset Management LLC trimmed its position in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 30.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,990 shares of the company’s stock after selling 3,870 shares during the quarter. Summit Asset Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proffitt & Goodson Inc. bought a new stake in Pacer US Cash Cows 100 ETF in the 2nd quarter valued at $25,000. Costello Asset Management INC acquired a new stake in shares of Pacer US Cash Cows 100 ETF during the 2nd quarter valued at about $26,000. Brentview Investment Management LLC acquired a new stake in shares of Pacer US Cash Cows 100 ETF during the 1st quarter valued at about $27,000. Redwood Park Advisors LLC bought a new stake in Pacer US Cash Cows 100 ETF in the second quarter valued at about $28,000. Finally, Flaharty Asset Management LLC acquired a new position in Pacer US Cash Cows 100 ETF in the first quarter worth about $31,000.

Pacer US Cash Cows 100 ETF Trading Up 0.8%

BATS COWZ opened at $57.88 on Friday. The stock’s 50 day moving average is $57.44 and its two-hundred day moving average is $55.90. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 14.17 and a beta of 0.95. Pacer US Cash Cows 100 ETF has a 1-year low of $46.64 and a 1-year high of $61.92.

Pacer US Cash Cows 100 ETF Company 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.