Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Shares Up 0.9% – Still a Buy?

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)’s share price rose 0.9% during trading on Friday . The stock traded as high as $46.81 and last traded at $46.81. Approximately 8,885 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 8,086 shares. The stock had previously closed at $46.39.

Pacer Cash Cows Fund of Funds ETF Price Performance

The company has a fifty day moving average price of $45.01 and a two-hundred day moving average price of $43.28. The company has a market capitalization of $88.94 million, a P/E ratio of 13.06 and a beta of 0.89.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HERD. Convergence Financial LLC bought a new position in Pacer Cash Cows Fund of Funds ETF during the 2nd quarter worth $282,000. Obermeyer Wealth Partners bought a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 2nd quarter valued at about $791,000. Creative Financial Designs Inc. ADV increased its stake in shares of Pacer Cash Cows Fund of Funds ETF by 90.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,774 shares of the company’s stock valued at $110,000 after buying an additional 1,314 shares during the period. Jane Street Group LLC raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 195.3% during the fourth quarter. Jane Street Group LLC now owns 40,024 shares of the company’s stock worth $1,739,000 after acquiring an additional 26,469 shares during the last quarter. Finally, Tripletail Wealth Management LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth about $244,000.

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.