Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Trading Down 0.4% – Should You Sell?

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS)’s share price dropped 0.4% on Friday . The company traded as low as $32.00 and last traded at $32.00. Approximately 389 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 7,444 shares. The stock had previously closed at $32.12.

Amplify Cash Flow Dividend Leaders ETF Stock Down 0.4%

The stock has a fifty day moving average of $31.87 and a two-hundred day moving average of $30.34. The stock has a market cap of $23.04 million, a price-to-earnings ratio of 10.37 and a beta of 1.16.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 31st. Stockholders of record on Thursday, October 30th were paid a dividend of $0.032 per share. The ex-dividend date of this dividend was Thursday, October 30th.

Institutional Trading of Amplify Cash Flow Dividend Leaders ETF

A number of institutional investors have recently added to or reduced their stakes in COWS. Harbour Investments Inc. purchased a new stake in shares of Amplify Cash Flow Dividend Leaders ETF during the 2nd quarter worth approximately $64,000. Cetera Investment Advisers increased its stake in Amplify Cash Flow Dividend Leaders ETF by 49.4% in the 1st quarter. Cetera Investment Advisers now owns 10,391 shares of the company’s stock valued at $293,000 after purchasing an additional 3,435 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Amplify Cash Flow Dividend Leaders ETF during the third quarter worth $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 worth $575,000 after purchasing an additional 3,266 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Amplify Cash Flow Dividend Leaders ETF by 47.6% during 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 in the last quarter.

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.