Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sets New 1-Year High – What’s Next?

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) shares reached a new 52-week high during trading on Monday . The stock traded as high as $47.30 and last traded at $46.9050, with a volume of 7092 shares. The stock had previously closed at $47.11.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The stock has a market capitalization of $6.39 billion, a P/E ratio of 22.46 and a beta of 0.72. The stock has a fifty day moving average price of $45.55 and a 200 day moving average price of $44.61.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were issued a $0.1826 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, January 29th.

Institutional Trading of Amplify CWP Enhanced Dividend Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 25.9% in the third quarter. CWM LLC now owns 529,080 shares of the company’s stock worth $23,581,000 after purchasing an additional 108,676 shares during the period. Farther Finance Advisors LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 107.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 37,248 shares of the company’s stock worth $1,660,000 after acquiring an additional 19,302 shares during the last quarter. Barnes Pettey Financial Advisors LLC raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 7.3% in the 2nd quarter. Barnes Pettey Financial Advisors LLC now owns 120,467 shares of the company’s stock valued at $5,126,000 after acquiring an additional 8,237 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter valued at about $493,000. Finally, Alpine Bank Wealth Management grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 613.0% during the third quarter. Alpine Bank Wealth Management now owns 19,657 shares of the company’s stock worth $876,000 after purchasing an additional 16,900 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Company Profile

The Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund that is based on the S&P 500 Stock Covered Call index. The fund is an actively-managed ETF that provides income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy. DIVO was launched on Dec 14, 2016 and is managed by Amplify.