Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Shares Down 0.2% – Should You Sell?

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) dropped 0.2% on Thursday . The company traded as low as $36.05 and last traded at $36.08. 12,288 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 7,533 shares. The stock had previously closed at $36.15.

Amplify Cash Flow Dividend Leaders ETF Stock Performance

The firm has a 50-day moving average of $35.06 and a 200-day moving average of $34.15. The firm has a market capitalization of $33.92 million, a P/E ratio of 10.37 and a beta of 0.96.

Amplify Cash Flow Dividend Leaders ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were paid a $0.0605 dividend. This is an increase from Amplify Cash Flow Dividend Leaders ETF’s previous dividend of $0.03. The ex-dividend date was Thursday, May 28th.

Institutional Investors Weigh In On Amplify Cash Flow Dividend Leaders ETF

Several institutional investors have recently modified their holdings of COWS. Hilton Head Capital Partners LLC bought a new position in Amplify Cash Flow Dividend Leaders ETF during the 4th quarter valued at about $42,000. Cetera Investment Advisers grew its stake 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 acquiring an additional 5,921 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Amplify Cash Flow Dividend Leaders ETF by 2.6% during the fourth 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 during the last quarter. LPL Financial LLC lifted its position in Amplify Cash Flow Dividend Leaders ETF by 12.2% during the fourth 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 during the period. Finally, CreativeOne Wealth LLC bought a new position in Amplify Cash Flow Dividend Leaders ETF during the fourth quarter valued at approximately $257,000.

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.