Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Trading 0.5% Higher – Still a Buy?

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS)’s stock price shot up 0.5% on Thursday . The company traded as high as $34.21 and last traded at $34.12. 1,686 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 17,149 shares. The stock had previously closed at $33.95.

Amplify Cash Flow Dividend Leaders ETF Trading Up 0.5%

The firm has a market cap of $30.37 million, a PE ratio of 10.37 and a beta of 1.16. The business’s 50-day simple moving average is $33.21 and its 200 day simple moving average is $32.01.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were issued a dividend of $0.0517 per share. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Trading of Amplify Cash Flow Dividend Leaders ETF

A number of hedge funds have recently bought and sold shares of COWS. Harbour Investments Inc. bought a new stake in Amplify Cash Flow Dividend Leaders ETF during the 2nd quarter valued at $64,000. Cetera Investment Advisers lifted its stake in shares of Amplify Cash Flow Dividend Leaders ETF by 57.0% during the 2nd 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 last quarter. Penserra Capital Management LLC bought a new stake in Amplify Cash Flow Dividend Leaders ETF during the third quarter valued at about $494,000. Envestnet Asset Management Inc. boosted its position in Amplify Cash Flow Dividend Leaders ETF by 19.9% during the second quarter. Envestnet Asset Management Inc. now owns 19,656 shares of the company’s stock valued at $575,000 after purchasing an additional 3,266 shares in the last quarter. Finally, 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 valued at $912,000 after purchasing an additional 10,056 shares during 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.