Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) Trading 1% Higher – Time to Buy?

Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) shot up 1% during trading on Friday . The stock traded as high as $70.01 and last traded at $69.59. 1,512 shares traded hands during trading, a decline of 50% from the average session volume of 3,030 shares. The stock had previously closed at $68.87.

Amplify Etho Climate Leadership U.S. ETF Trading Up 1.0%

The company has a market capitalization of $163.54 million, a price-to-earnings ratio of 18.91 and a beta of 1.14. The business’s 50 day moving average price is $67.81 and its two-hundred day moving average price is $64.75.

Amplify Etho Climate Leadership U.S. ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.559 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GGM Financials LLC bought a new stake in Amplify Etho Climate Leadership U.S. ETF during the 3rd quarter worth $40,000. Two Sigma Investments LP acquired a new stake in shares of Amplify Etho Climate Leadership U.S. ETF during the third quarter valued at about $331,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Amplify Etho Climate Leadership U.S. ETF during the fourth quarter valued at about $344,000. Ethic Inc. grew its holdings in shares of Amplify Etho Climate Leadership U.S. ETF by 2.7% during the second quarter. Ethic Inc. now owns 7,349 shares of the company’s stock worth $428,000 after purchasing an additional 196 shares during the last quarter. Finally, SGL Investment Advisors Inc. increased its stake in shares of Amplify Etho Climate Leadership U.S. ETF by 3.6% in the third quarter. SGL Investment Advisors Inc. now owns 6,955 shares of the company’s stock valued at $449,000 after buying an additional 240 shares during the period.

About Amplify Etho Climate Leadership U.S. ETF

The Etho Climate Leadership U.S. ETF (ETHO) is an exchange-traded fund that is based on the Etho Climate Leadership index. The fund tracks the performance of an equal-weighted index that selects US stocks that exhibit the least carbon impact within its industry. Certain industries are excluded altogether. ETHO was launched on Nov 18, 2015 and is managed by Etho Capital.