Amplify COWS Covered Call ETF (HCOW) to Issue Monthly Dividend of $0.24 on May 29th

Amplify COWS Covered Call ETF (NASDAQ:HCOW) announced a monthly dividend on Wednesday, May 27th, NASDAQ Dividends reports. Shareholders of record on Thursday, May 28th will be given a dividend of 0.2407 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Thursday, May 28th. This is a 3.3% increase from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.23.

Amplify COWS Covered Call ETF Stock Down 0.5%

NASDAQ:HCOW opened at $23.93 on Friday. The business’s 50-day simple moving average is $23.55 and its two-hundred day simple moving average is $24.01. The stock has a market cap of $15.08 million, a PE ratio of 13.13 and a beta of 0.76. Amplify COWS Covered Call ETF has a 52 week low of $21.71 and a 52 week high of $25.06.

Institutional Investors Weigh In On Amplify COWS Covered Call ETF

A hedge fund recently raised its stake in Amplify COWS Covered Call ETF stock. Gradient Investments LLC lifted its position in Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 323,379 shares of the company’s stock after purchasing an additional 2,855 shares during the quarter. Gradient Investments LLC owned about 59.89% of Amplify COWS Covered Call ETF worth $7,824,000 at the end of the most recent reporting period.

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.