Mirae Asset Securities USA Inc. Takes Position in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD)

by · The Cerbat Gem

Mirae Asset Securities USA Inc. acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,429 shares of the company’s stock, valued at approximately $1,459,000. Pacer Cash Cows Fund of Funds ETF accounts for approximately 0.1% of Mirae Asset Securities USA Inc.’s investment portfolio, making the stock its 15th largest position. Mirae Asset Securities USA Inc. owned approximately 1.58% of Pacer Cash Cows Fund of Funds ETF at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HERD. International Assets Investment Management LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the second quarter valued at $26,000. World Equity Group Inc. lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 18.8% during the second quarter. World Equity Group Inc. now owns 6,462 shares of the company’s stock worth $240,000 after purchasing an additional 1,023 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 27.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 6,741 shares of the company’s stock valued at $251,000 after purchasing an additional 1,467 shares during the period. Cozad Asset Management Inc. grew its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 54.4% in the second quarter. Cozad Asset Management Inc. now owns 8,057 shares of the company’s stock valued at $299,000 after purchasing an additional 2,838 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the 2nd quarter worth approximately $310,000.

Pacer Cash Cows Fund of Funds ETF Stock Down 0.8 %

Shares of HERD stock opened at $39.02 on Friday. The firm has a 50 day moving average of $39.34 and a two-hundred day moving average of $38.60. The stock has a market capitalization of $89.75 million, a PE ratio of 7.15 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 52 week low of $34.02 and a 52 week high of $40.42.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 27th were issued a $0.1581 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.63 dividend on an annualized basis and a yield of 1.62%.

About Pacer Cash Cows Fund of Funds ETF

(Free Report)

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.

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