Pacer ETFs Introduces Two New Products to Fund Lineup with Launch of Pacer US Cash Cows Bond ETF and Pacer Solactive Whitney Future of Warfare ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
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Source: Businesswire
Launch of New ETFs: Pacer ETFs has introduced two new funds, the Pacer US Cash Cows Bond ETF (MILK) and the Pacer Solactive Whitney Future of Warfare ETF (FOWF), expanding their lineup to include innovative investment strategies focused on high free cash flow and defense technologies.
Investment Strategies: MILK aims to enhance portfolio yield by focusing on large cap companies with strong free cash flow, while FOWF targets capital appreciation through exposure to companies involved in national defense and security, utilizing a unique methodology based on Department of Defense spending.
Analyst Views on MILK
Wall Street analysts forecast MILK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MILK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 24.810
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Current: 24.810
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
