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 stock price traded up 1.1% during mid-day trading on Friday . The stock traded as high as $25.50 and last traded at $25.37. 1,756 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 14,501 shares. The stock had previously closed at $25.10.

Amplify Cash Flow Dividend Leaders ETF Stock Up 1.1 %

The business’s 50 day moving average price is $27.70 and its 200-day moving average price is $29.33. The company has a market cap of $19.03 million, a PE ratio of 11.07 and a beta of 1.08.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors 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.

Hedge Funds Weigh In On Amplify Cash Flow Dividend Leaders ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new stake in shares of Amplify Cash Flow Dividend Leaders ETF during the fourth quarter worth about $205,000. Steward Partners Investment Advisory LLC boosted its holdings in 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 valued at $381,000 after purchasing an additional 7,440 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Amplify Cash Flow Dividend Leaders ETF by 23.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,284 shares of the company’s stock valued at $481,000 after purchasing an additional 3,042 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Amplify Cash Flow Dividend Leaders ETF by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 132,525 shares of the company’s stock worth $3,733,000 after purchasing an additional 4,696 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.