Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Trading 1.8% Higher – Time to Buy?

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS)’s share price shot up 1.8% during mid-day trading on Thursday . The company traded as high as $32.32 and last traded at $32.32. 1,217 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 8,475 shares. The stock had previously closed at $31.75.

Amplify Cash Flow Dividend Leaders ETF Price Performance

The stock has a market capitalization of $23.59 million, a PE ratio of 10.37 and a beta of 1.08. The business’s fifty day moving average price is $30.93 and its 200-day moving average price is $28.79.

Amplify Cash Flow Dividend Leaders ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 28th were given a $0.0413 dividend. This is a positive change from Amplify Cash Flow Dividend Leaders ETF’s previous dividend of $0.04. The ex-dividend date was Thursday, August 28th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Amplify Cash Flow Dividend Leaders ETF by 3.7% in the first 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. Steward Partners Investment Advisory LLC increased its position in shares of 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 last quarter. Envestnet Asset Management Inc. increased its position in shares of 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 during the last quarter. Cetera Investment Advisers increased its position in shares of 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 last quarter. Finally, Harbour Investments Inc. bought a new position in shares of Amplify Cash Flow Dividend Leaders ETF in the second quarter worth approximately $64,000.

Amplify Cash Flow Dividend Leaders ETF Company Profile

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.