Pacer US Cash Cows 100 ETF $COWZ Shares Sold by Echo Wealth Management LLC

Echo Wealth Management LLC cut its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 47.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,811 shares of the company’s stock after selling 23,658 shares during the period. Pacer US Cash Cows 100 ETF accounts for approximately 0.9% of Echo Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Echo Wealth Management LLC’s holdings in Pacer US Cash Cows 100 ETF were worth $1,615,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Powers Advisory Group LLC grew its position in Pacer US Cash Cows 100 ETF by 4.7% in the first quarter. Powers Advisory Group LLC now owns 20,311 shares of the company’s stock worth $1,271,000 after buying an additional 910 shares during the last quarter. Compass Advisory Group LLC boosted its stake in shares of Pacer US Cash Cows 100 ETF by 4.7% in the 1st quarter. Compass Advisory Group LLC now owns 25,119 shares of the company’s stock valued at $1,571,000 after purchasing an additional 1,133 shares during the last quarter. J2 Capital Management Inc acquired a new position in shares of Pacer US Cash Cows 100 ETF in the 1st quarter valued at approximately $2,108,000. LifeWealth Investments LLC lifted its position in Pacer US Cash Cows 100 ETF by 22.4% during the 1st quarter. LifeWealth Investments LLC now owns 77,118 shares of the company’s stock worth $4,825,000 after buying an additional 14,111 shares in the last quarter. Finally, Cottage Street Advisors LLC bought a new position in shares of Pacer US Cash Cows 100 ETF during the 1st quarter worth approximately $204,000.

Pacer US Cash Cows 100 ETF Stock Up 1.3%

Shares of BATS:COWZ opened at $63.02 on Friday. The firm has a market cap of $23.78 billion, a PE ratio of 14.17 and a beta of 0.95. Pacer US Cash Cows 100 ETF has a 12-month low of $54.73 and a 12-month high of $65.64. The company’s 50 day moving average price is $63.35 and its two-hundred day moving average price is $62.71.

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.