HighTower Advisors LLC Grows Stock Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

HighTower Advisors LLC raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 5.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,001,176 shares of the company’s stock after acquiring an additional 102,832 shares during the quarter. HighTower Advisors LLC’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $89,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DIVO. Uniting Wealth Partners LLC boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 2.2% in the third quarter. Uniting Wealth Partners LLC now owns 14,556 shares of the company’s stock worth $649,000 after purchasing an additional 316 shares during the period. Sierra Ocean LLC lifted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 0.7% in the third quarter. Sierra Ocean LLC now owns 122,314 shares of the company’s stock worth $5,452,000 after buying an additional 812 shares in the last quarter. Liberty Square Wealth Partners LLC boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 65.7% during the third quarter. Liberty Square Wealth Partners LLC now owns 33,648 shares of the company’s stock worth $1,500,000 after acquiring an additional 13,339 shares during the last quarter. Good Steward Wealth Advisors LLC grew its stake in Amplify CWP Enhanced Dividend Income ETF by 81.5% during the third quarter. Good Steward Wealth Advisors LLC now owns 115,227 shares of the company’s stock valued at $5,136,000 after acquiring an additional 51,754 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the third quarter valued at $727,000.

Amplify CWP Enhanced Dividend Income ETF Stock Up 0.1%

Shares of DIVO stock opened at $46.59 on Monday. The company’s fifty day simple moving average is $45.71 and its two-hundred day simple moving average is $44.74. Amplify CWP Enhanced Dividend Income ETF has a 52 week low of $36.20 and a 52 week high of $47.30. The stock has a market cap of $6.33 billion, a P/E ratio of 22.46 and a beta of 0.72.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

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

About Amplify CWP Enhanced Dividend Income ETF

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.