Private Advisor Group LLC Boosts Stock Position in Pacer Global Cash Cows Dividend ETF (BATS:GCOW)

Private Advisor Group LLC lifted its position in Pacer Global Cash Cows Dividend ETF (BATS:GCOW) by 173.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,914 shares of the company’s stock after purchasing an additional 86,911 shares during the quarter. Private Advisor Group LLC’s holdings in Pacer Global Cash Cows Dividend ETF were worth $4,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GCOW. Bank of America Corp DE boosted its holdings in Pacer Global Cash Cows Dividend ETF by 88.6% during the 1st quarter. Bank of America Corp DE now owns 6,218,916 shares of the company’s stock valued at $209,142,000 after acquiring an additional 2,921,124 shares during the period. Mainstay Capital Management LLC ADV boosted its holdings in Pacer Global Cash Cows Dividend ETF by 122.9% during the 1st quarter. Mainstay Capital Management LLC ADV now owns 1,931,831 shares of the company’s stock valued at $64,967,000 after acquiring an additional 1,065,174 shares during the period. Morgan Stanley boosted its holdings in Pacer Global Cash Cows Dividend ETF by 31.5% during the 4th quarter. Morgan Stanley now owns 3,385,050 shares of the company’s stock valued at $107,441,000 after acquiring an additional 811,296 shares during the period. LPL Financial LLC boosted its holdings in Pacer Global Cash Cows Dividend ETF by 62.1% during the 1st quarter. LPL Financial LLC now owns 1,726,024 shares of the company’s stock valued at $58,046,000 after acquiring an additional 661,364 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Pacer Global Cash Cows Dividend ETF by 155.0% during the 1st quarter. Jane Street Group LLC now owns 623,136 shares of the company’s stock valued at $20,956,000 after acquiring an additional 378,782 shares during the period.

Pacer Global Cash Cows Dividend ETF Price Performance

Shares of GCOW stock opened at $32.82 on Friday. The firm’s fifty day moving average is $32.49 and its 200-day moving average is $33.13. The stock has a market cap of $1.60 billion, a PE ratio of 6.15 and a beta of 0.83.

Pacer Global Cash Cows Dividend ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, September 27th. Shareholders of record on Friday, September 22nd were given a dividend of $0.7921 per share. This is a positive change from Pacer Global Cash Cows Dividend ETF’s previous dividend of $0.58. The ex-dividend date was Thursday, September 21st.

Pacer Global Cash Cows Dividend ETF Company Profile

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.