Investment Adviser Dumps Shares of Large-Cap ETF
On April 6, investment adviser Private Client Services, LLC disclosed in a U.S. Securities and Exchange Commission filing that it sold 88,629 shares of Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG), an estimated $3.11 million trade based on quarterly average pricing.
According to an SEC filing dated April 6, Private Client Services, LLC reduced its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) by 88,629 shares. The estimated value of the shares sold was $3.11 million, based on the average closing price during the first quarter. The fund ended the quarter with 43,032 shares, valued at $1.45 million.
Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) is a strategy-driven ETF designed to capture growth opportunities among U.S. large-cap equities with superior free cash flow margins. The fund systematically selects and weights holdings based on financial quality and growth metrics, aiming to provide investors with exposure to companies demonstrating both profitability and leadership within their sector.
Source Fool.com
