Carter Financial Group INC. Invests $2.84 Million in Amplify COWS Covered Call ETF $HCOW

Carter Financial Group INC. bought a new position in Amplify COWS Covered Call ETF (NASDAQ:HCOW) in the 2nd quarter, Holdings Channel.com reports. The firm bought 120,017 shares of the company’s stock, valued at approximately $2,838,000. Amplify COWS Covered Call ETF comprises approximately 1.5% of Carter Financial Group INC.’s holdings, making the stock its 16th biggest holding. Carter Financial Group INC. owned about 0.17% of Amplify COWS Covered Call ETF at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First PREMIER Bank purchased a new stake in Amplify COWS Covered Call ETF during the second quarter valued at about $48,000. A. D. Beadell Investment Counsel Inc. bought a new stake in Amplify COWS Covered Call ETF during the second quarter worth about $93,000. Strategic Advisors LLC purchased a new position in shares of Amplify COWS Covered Call ETF in the 2nd quarter worth about $243,000. Citadel Advisors LLC boosted its holdings in shares of Amplify COWS Covered Call ETF by 22.2% in the 3rd quarter. Citadel Advisors LLC now owns 23,859 shares of the company’s stock worth $573,000 after purchasing an additional 4,334 shares in the last quarter. Finally, Nwam LLC bought a new position in shares of Amplify COWS Covered Call ETF during the 2nd quarter valued at about $1,846,000.

Amplify COWS Covered Call ETF Trading Up 0.4%

Shares of NASDAQ HCOW opened at $25.75 on Thursday. The stock has a market cap of $17.77 million, a price-to-earnings ratio of 13.13 and a beta of 0.72. Amplify COWS Covered Call ETF has a 1-year low of $22.66 and a 1-year high of $26.53. The stock’s 50-day moving average is $25.03 and its 200 day moving average is $24.22.

Amplify COWS Covered Call ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 28th were given a dividend of $0.2183 per share. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date was Friday, August 28th.

Amplify COWS Covered Call ETF Profile

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.