Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Shares Up 0.4% – Here’s Why

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS)’s stock price shot up 0.4% during mid-day trading on Wednesday . The company traded as high as $33.67 and last traded at $33.67. 1,830 shares traded hands during trading, a decline of 75% from the average session volume of 7,330 shares. The stock had previously closed at $33.53.

Amplify Cash Flow Dividend Leaders ETF Stock Performance

The stock has a market capitalization of $24.24 million, a P/E ratio of 10.37 and a beta of 1.16. The stock has a 50-day moving average price of $32.39 and a two-hundred day moving average price of $31.37.

Amplify Cash Flow Dividend Leaders ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 28th. Shareholders of record on Wednesday, November 26th were issued a $0.0588 dividend. This is a boost from Amplify Cash Flow Dividend Leaders ETF’s previous dividend of $0.03. The ex-dividend date was Wednesday, November 26th.

Hedge Funds Weigh In On Amplify Cash Flow Dividend Leaders ETF

A number of institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new stake in Amplify Cash Flow Dividend Leaders ETF in the third quarter worth about $494,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Amplify Cash Flow Dividend Leaders ETF by 0.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 133,195 shares of the company’s stock valued at $4,280,000 after purchasing an additional 891 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Amplify Cash Flow Dividend Leaders ETF by 47.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 31,194 shares of the company’s stock worth $912,000 after purchasing an additional 10,056 shares during the period. Cetera Investment Advisers grew its stake in Amplify Cash Flow Dividend Leaders ETF by 57.0% in the second quarter. Cetera Investment Advisers now owns 16,312 shares of the company’s stock worth $477,000 after purchasing an additional 5,921 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Amplify Cash Flow Dividend Leaders ETF by 19.9% in the second quarter. Envestnet Asset Management Inc. now owns 19,656 shares of the company’s stock worth $575,000 after purchasing an additional 3,266 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.