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

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) traded up 1% on Monday . The company traded as high as $38.24 and last traded at $38.19. 6,902 shares changed hands during trading, a decline of 4% from the average session volume of 7,213 shares. The stock had previously closed at $37.82.

Amplify Cash Flow Dividend Leaders ETF Price Performance

The firm’s fifty day moving average is $36.35 and its two-hundred day moving average is $34.79. The firm has a market cap of $40.62 million, a price-to-earnings ratio of 10.37 and a beta of 0.95.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its holdings in Amplify Cash Flow Dividend Leaders ETF by 1,891.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 19,917 shares of the company’s stock worth $663,000 after purchasing an additional 18,917 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Amplify Cash Flow Dividend Leaders ETF in the fourth quarter worth approximately $42,000. Steward Partners Investment Advisory LLC boosted its stake in Amplify Cash Flow Dividend Leaders ETF by 2.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 36,241 shares of the company’s stock valued at $1,206,000 after purchasing an additional 916 shares in the last quarter. LPL Financial LLC boosted its stake in Amplify Cash Flow Dividend Leaders ETF by 12.2% during 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 in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Amplify Cash Flow Dividend Leaders ETF by 16.4% during the 4th quarter. Cetera Investment Advisers now owns 26,270 shares of the company’s stock valued at $874,000 after purchasing an additional 3,702 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.