Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Stock Price Up 1.1% – Should You Buy?

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS)’s share price was up 1.1% on Friday . The company traded as high as $25.50 and last traded at $25.37. Approximately 1,756 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 14,501 shares. The stock had previously closed at $25.10.

Amplify Cash Flow Dividend Leaders ETF Price Performance

The stock has a market cap of $19.03 million, a PE ratio of 11.07 and a beta of 1.08. The stock has a 50-day simple moving average of $27.70 and a 200-day simple moving average of $29.33.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were issued a dividend of $0.0578 per share. The ex-dividend date of this dividend was Friday, March 28th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of COWS. Steward Partners Investment Advisory LLC increased its position in shares of Amplify Cash Flow Dividend Leaders ETF by 135.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,925 shares of the company’s stock worth $381,000 after acquiring an additional 7,440 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Amplify Cash Flow Dividend Leaders ETF by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 132,525 shares of the company’s stock valued at $3,733,000 after purchasing an additional 4,696 shares in the last quarter. Cetera Investment Advisers purchased a new position in Amplify Cash Flow Dividend Leaders ETF in the fourth quarter valued at about $205,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Amplify Cash Flow Dividend Leaders ETF by 23.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,284 shares of the company’s stock worth $481,000 after purchasing an additional 3,042 shares in the last quarter.

About Amplify Cash Flow Dividend Leaders ETF

The Amplify Cash Flow Dividend Leaders ETF (COWS) is an exchange-traded fund that is based on the Kelly US Cash Flow Dividend Leaders index. The fund is passively managed to invest on US companies with high free cash flow yield and dividend growth. Holdings are weighted based on a modified equal-weight basis COWS was launched on Sep 13, 2023 and is issued by Amplify Investments.