Pacer Advisors Inc. has reduced its position in the Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW) by 8.2% during the third quarter of 2023. According to the firm’s latest filing with the SEC, Pacer Advisors now holds 479,376 shares after selling 42,884 shares in the period. This stake represents approximately 1.41% of the ETF, valued at around $17,459,000.
Several other institutional investors have also adjusted their holdings in the Pacer ETF recently. Flow Traders U.S. LLC established a new position during the second quarter, valued at about $587,000. Cozad Asset Management Inc. increased its stake by 2.8%, bringing its total to 55,393 shares, worth approximately $1,885,000 after acquiring an additional 1,509 shares.
Farther Finance Advisors LLC made a significant move, boosting its holdings by an extraordinary 14,756.7%. This increase resulted in 8,914 shares valued at $303,000 after acquiring 8,854 additional shares. Copia Wealth Management also expanded its position by 54.1%, now owning 1,586 shares valued at $54,000 following the purchase of 557 shares. Finally, Baird Financial Group Inc. grew its stake by 2.4%, amounting to 732,457 shares worth $23,006,000 after acquiring an additional 17,015 shares.
Pacer ETF Performance Overview
As of the latest trading session, Pacer Developed Markets International Cash Cows 100 ETF opened at $39.24. Over the past year, the ETF has experienced a low of $27.43 and a high of $35.54. The fund has a market capitalization of $1.33 billion, a P/E ratio of 10.04, and a beta of 0.84. Its 50-day and 200-day simple moving averages stand at $38.39 and $36.37, respectively.
The Pacer Developed Markets International Cash Cows 100 ETF primarily invests in total market equity, tracking an index of 100 companies selected from the FTSE Developed Ex-US Index based on free cash flow. Launched on June 16, 2017, the fund is managed by Pacer Advisors, which continues to play a significant role in the ETF market.
Investors are closely monitoring the evolving landscape of institutional ownership in the Pacer ETF, which reflects broader trends in the market. The recent adjustments by Pacer Advisors and other institutional players may signal shifts in investment strategies, highlighting the dynamic nature of the financial markets.
