Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) Trading Down 1.4% – Here’s Why

Shares of Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) dropped 1.4% during mid-day trading on Friday . The company traded as low as $68.35 and last traded at $68.43. Approximately 1,743 shares changed hands during trading, a decline of 51% from the average daily volume of 3,550 shares. The stock had previously closed at $69.40.

Amplify Etho Climate Leadership U.S. ETF Trading Down 1.4%

The company has a 50-day moving average price of $66.41 and a two-hundred day moving average price of $63.76. The stock has a market cap of $160.81 million, a P/E ratio of 18.91 and a beta of 1.14.

Amplify Etho Climate Leadership U.S. ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $0.559 per share. The ex-dividend date was Tuesday, December 30th. This represents a $2.24 dividend on an annualized basis and a yield of 3.3%.

Hedge Funds Weigh In On Amplify Etho Climate Leadership U.S. ETF

A number of large investors have recently made changes to their positions in the company. GGM Financials LLC purchased a new stake in Amplify Etho Climate Leadership U.S. ETF in the 3rd quarter worth about $40,000. Two Sigma Investments LP bought a new position in shares of Amplify Etho Climate Leadership U.S. ETF during the third quarter valued at approximately $331,000. Ethic Inc. raised its holdings in shares of Amplify Etho Climate Leadership U.S. ETF by 2.7% in the second quarter. Ethic Inc. now owns 7,349 shares of the company’s stock worth $428,000 after buying an additional 196 shares during the period. SGL Investment Advisors Inc. lifted its stake in shares of Amplify Etho Climate Leadership U.S. ETF by 3.6% during the 3rd quarter. SGL Investment Advisors Inc. now owns 6,955 shares of the company’s stock worth $449,000 after acquiring an additional 240 shares during the last quarter. Finally, FSM Wealth Advisors LLC bought a new stake in shares of Amplify Etho Climate Leadership U.S. ETF during the 2nd quarter worth approximately $544,000.

About Amplify Etho Climate Leadership U.S. ETF

The Etho Climate Leadership U.S. ETF (ETHO) is an exchange-traded fund that is based on the Etho Climate Leadership index. The fund tracks the performance of an equal-weighted index that selects US stocks that exhibit the least carbon impact within its industry. Certain industries are excluded altogether. ETHO was launched on Nov 18, 2015 and is managed by Etho Capital.