Carlson Capital Management Lowers Stock Position in Pacer US Cash Cows 100 ETF (BATS:COWZ)

Carlson Capital Management decreased its stake in Pacer US Cash Cows 100 ETF (BATS:COWZ) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,703,034 shares of the company’s stock after selling 28,790 shares during the period. Pacer US Cash Cows 100 ETF accounts for about 4.2% of Carlson Capital Management’s holdings, making the stock its 6th biggest position. Carlson Capital Management owned about 0.41% of Pacer US Cash Cows 100 ETF worth $96,187,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Pacer US Cash Cows 100 ETF in the fourth quarter valued at approximately $867,906,000. Janney Montgomery Scott LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF in the fourth quarter valued at approximately $81,029,000. LPL Financial LLC raised its position in shares of Pacer US Cash Cows 100 ETF by 6.1% in the third quarter. LPL Financial LLC now owns 19,767,214 shares of the company’s stock valued at $1,143,138,000 after purchasing an additional 1,132,656 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Pacer US Cash Cows 100 ETF by 230.0% in the third quarter. Thrivent Financial for Lutherans now owns 884,559 shares of the company’s stock valued at $51,154,000 after purchasing an additional 616,518 shares during the period. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Pacer US Cash Cows 100 ETF in the fourth quarter valued at approximately $30,897,000.

Pacer US Cash Cows 100 ETF Stock Down 3.5 %

BATS COWZ opened at $55.37 on Tuesday. The company’s 50 day moving average is $57.30 and its 200-day moving average is $57.83. Pacer US Cash Cows 100 ETF has a 12-month low of $53.03 and a 12-month high of $61.92. The firm has a market cap of $24.08 billion, a P/E ratio of 13.17 and a beta of 1.03.

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.