Amplify COWS Covered Call ETF (NASDAQ:HCOW) Increases Dividend to $0.25 Per Share

Amplify COWS Covered Call ETF (NASDAQ:HCOW) announced a monthly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.246 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Tuesday, December 30th. This is a 3.4% increase from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24.

Amplify COWS Covered Call ETF Price Performance

NASDAQ:HCOW traded down $0.22 during trading hours on Tuesday, reaching $24.37. The company had a trading volume of 2,530 shares, compared to its average volume of 3,799. The business’s 50 day moving average price is $24.19 and its 200-day moving average price is $23.89. Amplify COWS Covered Call ETF has a 1-year low of $20.04 and a 1-year high of $26.42. The firm has a market cap of $13.16 million, a PE ratio of 13.13 and a beta of 0.90.

Hedge Funds Weigh In On Amplify COWS Covered Call ETF

A number of large investors have recently bought and sold shares of HCOW. Mattson Financial Services LLC acquired a new stake in Amplify COWS Covered Call ETF in the first quarter valued at approximately $70,000. Gradient Investments LLC boosted its holdings in shares of Amplify COWS Covered Call ETF by 13.2% during the 2nd quarter. Gradient Investments LLC now owns 316,506 shares of the company’s stock worth $7,226,000 after purchasing an additional 36,962 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in Amplify COWS Covered Call ETF by 22.2% during the third quarter. Citadel Advisors LLC now owns 23,859 shares of the company’s stock worth $573,000 after buying an additional 4,334 shares during the last quarter.

About Amplify COWS Covered Call ETF

The Amplify Cash Flow High Income ETF (HCOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-fund, that invests in US stocks of large- and mid-cap companies while using a naked call option writing strategy to potentially generate additional income. HCOW was launched on Sep 20, 2023 and is issued by Amplify Investments.