Pacer US Large Cap Cash Cows Growth Leaders ETF

COWG

Market cap $2.33B

Mason & Associates Inc. purchased an additional 104,308 shares of COWG in the fourth quarter. The quarter-end position value increased by $3.5 million, reflecting both trading and price movement.

Sold 165,942 shares of COWG; estimated transaction value of $5.90 million based on average prices in the fourth quarter Quarter-end position value declined by $6.06 million, reflecting both trading activity and stock price movements Post-trade position: 30,636 shares valued at $1.08 million Move occurred during a period of fund downsizing, with COWG now accounting for 0.47% of AUM, outside the top five holdings We're bullish on these 10 stocks ›

CMC Financial Group sold 177,214 shares of COWG for an estimated trade value of $6.30 million based on quarterly average pricing. The transaction equaled 11.24% of CMC Financial Group's 13F reportable assets under management.

Pacer US Large Cap Cash Cows Growth Leaders ETF earns a buy rating for its balanced exposure to high FCF margin large-cap U.S. equities. COWG's 55% tech allocation and 16% healthcare weighting position it defensively amid macro uncertainty, sticky inflation, and a slowing labor market. The ETF's focus on quality growth rather than cyclicals offers resilience against margin squeezes, tariff-driven inflation, and below-trend GDP growth.

Initiated 104,178 shares, increasing reported assets by $3,781,648. Transaction accounts for 2.127% of the fund's 13F reportable assets under management.

Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) offers a unique blend of cash flow filtering and momentum weighting. COWG trades at a modest premium to the Russell 1000 but at a discount to growth ETF peers, reflecting its quality and mid-cap tilt. Performance has been competitive with growth peers, though COWG lags in earnings growth versus mega-cap-focused funds and carries higher expenses.

Pacer US Large Cap Cash Cows Growth Leaders ETF offers a fundamentally weighted, growth-tilted ETF based on free cash flow margins, providing unique diversification versus mega cap-heavy portfolios. The ETF's methodology avoids narrative and market cap biases, resulting in a portfolio with risk-mitigated, medium-to-high growth potential and broad sector exposure. While COWG has lagged mega cap-focused peers in recent rallies, its structure is poised to outperform in broader, more growth-conducive markets.

COWG has rebounded strongly post-election, tracking large-cap growth, but its valuation is not compelling at nearly 25x earnings and a high PEG ratio. The ETF is heavily concentrated in Information Technology and Health Care, raising concerns about industry diversification and portfolio risk. Momentum and seasonal trends are favorable into summer, but upcoming shareholder meetings and recent volatility could trigger short-term price swings.

Just a month ago, ETF investors were pleased to simply hold onto their money. Now they're looking for big gains in the S&P 500 again.

The Pacer U.S. Large Cap Cash Cows Growth Leaders ETF launched in December 2022 and current has $1.1 billion in assets. COWG has a high expense ratio compared to other products. COWG has underperformed compared to other large cap growth ETFs and lacks exposure to mega cap tech companies.