Pacer Global Cash Cows Dividend ETF (BATS:GCOW – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 65,594 shares, a decline of 50.6% from the September 15th total of 132,690 shares. Based on an average daily volume of 255,188 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.
Pacer Global Cash Cows Dividend ETF Trading Up 1.3%
BATS GCOW opened at $46.43 on Friday. The stock has a market cap of $2.83 billion, a P/E ratio of 12.82 and a beta of 0.69. The company’s fifty day simple moving average is $46.33 and its 200-day simple moving average is $45.76. Pacer Global Cash Cows Dividend ETF has a 52 week low of $39.39 and a 52 week high of $48.06.
Institutional Investors Weigh In On Pacer Global Cash Cows Dividend ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Pacer Global Cash Cows Dividend ETF by 2.4% in the 1st quarter. Bank of America Corp DE now owns 8,118,813 shares of the company’s stock worth $375,414,000 after buying an additional 191,858 shares in the last quarter. Royal Bank of Canada boosted its position in Pacer Global Cash Cows Dividend ETF by 47.0% in the 1st quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock valued at $78,966,000 after buying an additional 546,241 shares during the last quarter. Cetera Investment Advisers boosted its position in Pacer Global Cash Cows Dividend ETF by 15.2% in the 1st quarter. Cetera Investment Advisers now owns 1,482,311 shares of the company’s stock valued at $68,542,000 after buying an additional 195,348 shares during the last quarter. Hamilton Wealth LLC boosted its position in Pacer Global Cash Cows Dividend ETF by 231.8% in the 1st quarter. Hamilton Wealth LLC now owns 1,271,100 shares of the company’s stock valued at $58,776,000 after buying an additional 888,023 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Pacer Global Cash Cows Dividend ETF by 22.6% during the second quarter. Envestnet Asset Management Inc. now owns 450,868 shares of the company’s stock valued at $19,302,000 after acquiring an additional 83,248 shares in the last quarter.
About Pacer Global Cash Cows Dividend ETF
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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