Pacer Introduces 'Free Cash Flow Aristocrats' Strategy for Mid- and Small-Cap ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
New ETF Launches: Pacer ETFs has introduced two new funds, the Pacer S&P MidCap 400 Quality FCF Aristocrats ETF (MCOW) and the Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF (SCOW), focusing on mid- and small-cap U.S. stocks with a history of steady free cash flow, expanding their "Free Cash Flow Aristocrats" franchise.
Investment Strategy: Both ETFs aim to provide diversified exposure to financially robust companies by tracking indices that require a minimum of seven consecutive years of positive free cash flow, emphasizing quality and profitability over mere earnings.
Analyst Views on SCOW
Wall Street analysts forecast SCOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCOW 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: 20.545
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Current: 20.545
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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.
