Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Trading 1% Higher – Still a Buy?

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS)’s share price rose 1% during trading on Monday . The stock traded as high as $38.24 and last traded at $38.19. 6,902 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 7,213 shares. The stock had previously closed at $37.82.

Amplify Cash Flow Dividend Leaders ETF Stock Up 1.0%

The company has a market cap of $39.72 million, a price-to-earnings ratio of 10.37 and a beta of 0.95. The business’s fifty day simple moving average is $36.24 and its two-hundred day simple moving average is $34.75.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a $0.0435 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Investors Weigh In On Amplify Cash Flow Dividend Leaders ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its stake in Amplify Cash Flow Dividend Leaders ETF by 1,891.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 19,917 shares of the company’s stock valued at $663,000 after acquiring an additional 18,917 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Amplify Cash Flow Dividend Leaders ETF during the fourth quarter worth about $257,000. Cetera Investment Advisers increased its position in shares of Amplify Cash Flow Dividend Leaders ETF by 57.0% during 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 in the last quarter. LPL Financial LLC lifted its holdings in shares of Amplify Cash Flow Dividend Leaders ETF by 12.2% in the 4th quarter. LPL Financial LLC now owns 40,911 shares of the company’s stock valued at $1,361,000 after purchasing an additional 4,441 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Amplify Cash Flow Dividend Leaders ETF in the 4th quarter valued at about $128,000.

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.