Investment Adviser Dumps Shares of Large-Cap ETF

Sold 88,629 shares of the Pacer US Large Cap Cash Cows Growth Leaders ETF (NYSEMKT:COWG), an estimated transaction value of ~$3.11 million based on the quarterly average price (~$35.11/share). No seller identity or rationale was disclosed; this appears to be a routine ETF liquidation with minimal likely impact on the broader market or the ETF's price.

Analysis

Sold 88,629 shares of the Pacer US Large Cap Cash Cows Growth Leaders ETF (NYSEMKT:COWG), an estimated transaction value of ~$3.11 million based on the quarterly average price (~$35.11/share). No seller identity or rationale was disclosed; this appears to be a routine ETF liquidation with minimal likely impact on the broader market or the ETF's price.