Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) Reaches New 12-Month High – Time to Buy?

Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $43.76 and last traded at $43.4950, with a volume of 138061 shares. The stock had previously closed at $43.47.

Amplify CWP International Enhanced Dividend Income ETF Price Performance

The company has a market cap of $896.37 million, a price-to-earnings ratio of 16.90 and a beta of 0.74. The company’s 50-day simple moving average is $40.87 and its 200-day simple moving average is $38.36.

Amplify CWP International Enhanced Dividend Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were paid a dividend of $0.215 per share. This is a positive change from Amplify CWP International Enhanced Dividend Income ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) annualized dividend and a yield of 6.0%.

Hedge Funds Weigh In On Amplify CWP International Enhanced Dividend Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Amplify CWP International Enhanced Dividend Income ETF by 11.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 772,182 shares of the company’s stock worth $29,613,000 after acquiring an additional 81,057 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Amplify CWP International Enhanced Dividend Income ETF by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 54,893 shares of the company’s stock valued at $2,047,000 after purchasing an additional 1,291 shares in the last quarter. West Michigan Advisors LLC grew its stake in Amplify CWP International Enhanced Dividend Income ETF by 13.9% during the 4th quarter. West Michigan Advisors LLC now owns 23,433 shares of the company’s stock valued at $899,000 after purchasing an additional 2,855 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Amplify CWP International Enhanced Dividend Income ETF by 2.9% during the 4th quarter. Farther Finance Advisors LLC now owns 22,878 shares of the company’s stock worth $877,000 after purchasing an additional 647 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of Amplify CWP International Enhanced Dividend Income ETF in the 4th quarter valued at approximately $229,000.

About Amplify CWP International Enhanced Dividend Income ETF

The Amplify International Enhanced Dividend Income ETF (IDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that provides current income and capital appreciation by selecting dividend-paying ADRs of stocks from the MSCI ACWI ex USA Index, overlaid with a tactical call writing strategy. IDVO was launched on Sep 8, 2022 and is managed by Amplify.