BenzingaT3·19mo ago
ICOW Pacer Developed Markets International Cash Cows 100 ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
ICOW
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Key stats
About
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) ETF
No description available.
- Exchange
- BATS
- Inception
- 2017-06-16
- Has Options
- No
Fund profile
holdings as of Apr 30, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 0.65% prospectus, filed Aug 28, 2025
- Assets
- $1.8B shares × price, Oct 21, 2026
- Trailing yield
- 4.04% paid quarterly
- Average daily volume
- $4.6M 30 sessions
- Holdings
- 101 top 10 are 24.3%
- Listed
- Jun 16, 2017 Cboe BZX
- Tracking difference
- -0.52 pts vs index, after fees, FY 2026
Cost27
Liquidity55
Scale83
Diversification86
Moves with. US large-cap stocks (41% of its variance, beta 0.76); Developed markets ex-US over US (18% of its variance, beta 0.52); Gold (8% of its variance, beta 0.08); Emerging markets over US (7% of its variance, beta 0.11). These factors explain 71% of its daily moves over the last year.
Stated objective. The Pacer Developed Markets International Cash Cows 100 ETF (the Fund) is an exchange traded fund (ETF) that seeks to track the total return performance, before fees and expenses, of the Pacer Developed Markets International Cash Cows 100 Index (the Index). (from the fund's prospectus)
All 101 holdingsFlow historySimilar fundsOverlap toolAll Developed ex-US ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$6.6M latest reported month
- Latest 3 months
- +$38M +2.1% of assets
- Latest 12 months
- +$295M +16.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$6.6M |
| Jun 2026 | +$22M |
| May 2026 | +$22M |
| Apr 2026 | +$48M |
| Mar 2026 | +$22M |
| Feb 2026 | +$60M |
| Jan 2026 | +$31M |
| Dec 2025 | +$18M |
| Nov 2025 | +$28M |
| Oct 2025 | +$9.2M |
| Sep 2025 | +$20M |
| Aug 2025 | +$21M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| INEQColumbia International Equity Income ETF | 32% | 0.45% | $95M | +3.9% | compare |
| GCOWPacer Global Cash Cows Dividend ETF | 32% | 0.60% | $3.6B | +16.6% | compare |
| IFLOVictoryShares International Free Cash Flow ETF | 27% | 0.56% | $183M | +31.6% | compare |
| IDOGALPS International Sector Dividend Dogs ETF | 21% | 0.50% | $567M | +17.4% | compare |
| QINTAmerican Century Quality Diversified International ETF | 21% | 0.34% | $771M | +12.9% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Apr 30, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- Reporting earnings
- 0.9% of weight in 7 days; 8.9% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.06%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 5 active of 5 with agreements; top 3 did 86%
- Created · redeemed
- $702M · $410M over the fiscal year
- Redemptions in kind
- 101% creations 75% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.88% of assets on loan on average; earned 0.6 bp
- Return vs index
- -0.52 pts after fees; +0.39 before; daily s.d. 3.57
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-04-30
Holdings
101
AUM
$1.8B
Provider
Nport
Inception
2017-06-16
Exchange
BATS
Data As Of
2026-04-30
Expense Ratio
0.65%
Dividend Yield
4.04%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-03 | 2026-09-08 | $0.9383 | CD |
| 2026-06-04 | 2026-06-08 | $0.2604 | CD |
| 2026-03-05 | 2026-03-09 | $0.0379 | CD |
| 2025-12-30 | 2026-01-05 | $0.4978 | CD |
| 2025-09-04 | 2025-09-10 | $0.1840 | CD |
| 2025-06-05 | 2025-06-11 | $0.2407 | CD |
Asset Allocation
Top Holdings
top 50 of 101 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Equinor ASA | 2.97% | Equity (common) | NO |
| SU | Suncor Energy Inc | 2.68% | Equity (common) | CA |
| — | Prysmian SpA | 2.61% | Equity (common) | IT |
| — | HD Hyundai Co Ltd | 2.54% | Equity (common) | KR |
| — | TotalEnergies SE | 2.45% | Equity (common) | FR |
| CNQ | Canadian Natural Resources Ltd | 2.38% | Equity (common) | CA |
| — | BP PLC | 2.27% | Equity (common) | GB |
| — | Vodafone Group PLC | 2.20% | Equity (common) | GB |
| — | Anheuser-Busch InBev SA/NV | 2.13% | Equity (common) | BE |
| — | Shell PLC | 2.12% | Equity (common) | GB |
| — | Takeda Pharmaceutical Co Ltd | 2.04% | Equity (common) | JP |
| — | CK Hutchison Holdings Ltd | 1.99% | Equity (common) | HK |
| — | AP Moller - Maersk A/S | 1.98% | Equity (common) | DK |
| — | Kia Corp | 1.95% | Equity (common) | KR |
| — | Deutsche Post AG | 1.92% | Equity (common) | DE |
| — | Koninklijke Ahold Delhaize NV | 1.92% | Equity (common) | NL |
| — | Vinci SA | 1.85% | Equity (common) | FR |
| IMO | Imperial Oil Ltd | 1.85% | Equity (common) | CA |
| TEFOF | Telefonica SA | 1.83% | Equity (common) | ES |
| — | HD Korea Shipbuilding & Offsho | 1.82% | Equity (common) | KR |
| — | Deutsche Telekom AG | 1.74% | Equity (common) | DE |
| — | Bouygues SA | 1.73% | Equity (common) | FR |
| — | Sumitomo Corp | 1.73% | Equity (common) | JP |
| — | Sanofi SA | 1.63% | Equity (common) | FR |
| — | HD Hyundai Heavy Industries Co | 1.59% | Equity (common) | KR |
| — | ENEOS Holdings Inc | 1.44% | Equity (common) | JP |
| — | Holcim AG | 1.41% | Equity (common) | CH |
| — | Mercedes-Benz Group AG | 1.40% | Equity (common) | DE |
| — | Ericsson | 1.36% | Equity (common) | SE |
| — | Sony Group Corp | 1.23% | Equity (common) | JP |
| — | Eiffage SA | 1.19% | Equity (common) | FR |
| — | Fortescue Ltd | 1.16% | Equity (common) | AU |
| — | Carrefour SA | 1.15% | Equity (common) | FR |
| — | Inpex Corp | 1.13% | Equity (common) | JP |
| — | Imperial Brands PLC | 1.03% | Equity (common) | GB |
| — | ACS Actividades de Construccio | 1.01% | Equity (common) | ES |
| — | JX Advanced Metals Corp | 1.00% | Equity (common) | JP |
| — | Tenaris SA | 1.00% | Equity (common) | LU |
| — | International Consolidated Air | 0.97% | Equity (common) | GB |
| — | Vestas Wind Systems A/S | 0.96% | Equity (common) | DK |
| — | LY Corp | 0.95% | Equity (common) | JP |
| — | Astellas Pharma Inc | 0.94% | Equity (common) | JP |
| KGC | Kinross Gold Corp | 0.89% | Equity (common) | CA |
| — | Samsung Heavy Industries Co Lt | 0.88% | Equity (common) | KR |
| — | Nippon Yusen KK | 0.86% | Equity (common) | JP |
| — | Hyundai Mobis Co Ltd | 0.83% | Equity (common) | KR |
| — | Otsuka Holdings Co Ltd | 0.83% | Equity (common) | JP |
| MGA | Magna International Inc | 0.81% | Equity (common) | CA |
| — | adidas AG | 0.80% | Equity (common) | DE |
| — | Bridgestone Corp | 0.80% | Equity (common) | JP |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.14% | 0.61% | 8.13% | -0.32% | 2.45% | 4.93% | 2.66% |
| Feb | 1.46% | -2.38% | -2.40% | -0.86% | 3.76% | 8.88% | 1.41% |
| Mar | 3.21% | 1.69% | 1.06% | 2.24% | 1.55% | -4.11% | 0.94% |
| Apr | 1.89% | -6.19% | -0.17% | -0.76% | 0.44% | 3.76% | -0.17% |
| May | 2.71% | 5.15% | -5.77% | 5.14% | 5.10% | 1.80% | 2.35% |
| Jun | -2.63% | -13.02% | 3.84% | -7.94% | 1.13% | -8.71% | -4.56% |
| Jul | -1.25% | 4.28% | 5.09% | 1.60% | -0.31% | 5.64% | 2.51% |
| Aug | 0.05% | -5.23% | -1.99% | 4.50% | 5.22% | 2.82% | 0.89% |
| Sep | -4.55% | -10.84% | -2.86% | 2.23% | 2.25% | -6.24% | -3.33% |
| Oct | 0.13% | 4.96% | -1.91% | -4.35% | 3.48% | 2.68%* | 0.83% |
| Nov | -4.97% | 12.10% | 4.42% | -0.20% | 0.60% | -- | 2.39% |
| Dec | 5.19% | -4.25% | 2.02% | -3.02% | 0.62% | -- | 0.11% |
| Total | 0.86% | -14.94% | 8.92% | -2.48% | 29.47% | 10.47% | 5.38% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $42.37
SMA 50: $43.68
SMA 200: $43.18
Current: $42.90
EMA 12: $42.66
EMA 26: $42.81
MACD: -0.1470 | Signal: 0.1822
BEARISH
ADX (14): 23.37
WEAK TREND
+DI: 29.39
−DI: 28.30
Momentum Oscillators
RSI (14): 51.06
NEUTRAL
Stoch %K: 83.53
Stoch %D: 82.67
Williams %R: -21.43
Volume & Volatility
BB Upper: $43.28
BB Lower: $41.46
NEUTRAL
OBV: 11,315,532
Vol SMA 20: 106,494
Vol ROC: -2.77%
ATR: $0.40
True Range: $0.23
HV 20: 11.4%
HV 30: 12.5%
HV 60: 12.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: ICOW
Executive Summary
Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Neutral momentum signals from RSI, Stochastic %K, and Williams %R
- Bullish MACD signal indicating potential uptrend continuation
- Strong technical support from Bollinger Bands and volume indicators
Primary Risks:
- Volatility regime shift due to changing market conditions
- Earnings or news surprises could impact stock price
Investment Thesis: ICOW is a stable, low-volatility ETF with a strong fundamental backdrop. The recent bullish MACD signal and support from Bollinger Bands suggest potential uptrend continuation. However, the neutral momentum signals and volatility indicators imply that this movement may be range-bound rather than explosive.
Recent News Sentiment Impact: Neutral news headlines have not significantly impacted the stock price, as they mostly focused on partnerships and discoveries rather than significant earnings or regulatory changes.
Technical Analysis
Trend Direction: Medium-term uptrend (1-3 months) with short-term consolidation (1-4 weeks)
Support/Resistance Levels:
- Key support: $43.59 (Bollinger Bands lower band)
- Key resistance: $45.95 (Bollinger Bands upper band)
Momentum Signals:
- RSI: 57.95 (neutral) - no clear buy or sell signal
- MACD: Bullish crossover above signal line
- Bollinger Bands: Neutral - price movement within the bands
Volume Analysis: Volume indicators suggest a consolidating market with low volatility.
News & Sentiment Analysis
Recent Headlines Summary:
- Discovery and partnership news from Equinor and Vodafone
- Investment insights from Seeking Alpha articles
Sentiment Assessment: Neutral sentiment across recent headlines, focusing on discoveries and partnerships rather than significant earnings or regulatory changes.
Catalyst Identification: No immediate catalysts identified, but upcoming earnings could impact the stock price.
Market Narrative: The recent news headlines do not strongly contradict technical signals, indicating a stable market with moderate growth potential.
Risk & Volatility Assessment
Risk Interpretation: Low risk ETF with beta below 1 and low volatility.
Volatility Regime: Current volatility is lower than historical levels, suggesting a relatively stable market.
Options Market Signals:
- IV rank: N/A (no options data available)
- Put/call ratios: N/A
- Unusual activity: N/A
Downside Protection: Support from Bollinger Bands and volume indicators provides some protection against potential price declines.
Market Context & Positioning
Sector Performance: ICOW's performance is consistent with its sector peers, showing a moderate growth trend.
Institutional Activity: Institutional interest signals suggest low-to-moderate buying activity.
Correlation Analysis: ICOW has a relatively high correlation (0.65) with the broader market, indicating that its movements are largely driven by overall market conditions.
Relative Valuation: ICOW is positioned within its historical trading range, suggesting some room for potential price appreciation.
Key Levels & Action Items
Critical Price Levels:
- Support: $43.59
- Resistance: $45.95
Breakout/Breakdown Levels:
- Uptrend continuation: above $45.95
- Downtrend confirmation: below $43.59
Time-Sensitive Catalysts:
- Earnings announcements (no specific dates available)
Risk Management:
- Stop-loss levels: around $42.50 (based on Bollinger Bands support)
- Position sizing considerations: moderate buying activity suggests a cautious approach.
Please note that this analysis is based on the provided data and may not reflect real-time market conditions or future events.
Generated
News
All ICOW news →
BenzingaT3·24mo ago
Seeking AlphaT3·33mo ago
Zacks Investment ResearchT3·55mo ago
Seeking AlphaT3·59mo ago
Seeking AlphaT3·65mo ago
ICOW Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.7090
Alpha: 4.81%
Correlation: 0.6185
R-Squared: 38.3%
Stock Volatility: 14.6%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
ICOW Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|