Modern Wealth Management LLC Decreases Stock Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Modern Wealth Management LLC cut its holdings in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,659 shares of the company’s stock after selling 58,595 shares during the quarter. Modern Wealth Management LLC owned 0.26% of Amplify CWP Enhanced Dividend Income ETF worth $14,069,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DIVO. Atria Investments Inc raised its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 4.3% in the second quarter. Atria Investments Inc now owns 24,986 shares of the company’s stock worth $1,063,000 after purchasing an additional 1,035 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 4.9% during the second quarter. Bank of Montreal Can now owns 5,454 shares of the company’s stock valued at $232,000 after buying an additional 256 shares during the last quarter. Simplex Trading LLC boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 934.6% during the second quarter. Simplex Trading LLC now owns 1,345 shares of the company’s stock valued at $57,000 after buying an additional 1,215 shares during the last quarter. OneAscent Wealth Management LLC bought a new stake in Amplify CWP Enhanced Dividend Income ETF in the 2nd quarter worth about $520,000. Finally, Prospera Financial Services Inc increased its holdings in Amplify CWP Enhanced Dividend Income ETF by 5.3% in the 2nd quarter. Prospera Financial Services Inc now owns 41,787 shares of the company’s stock worth $1,778,000 after buying an additional 2,113 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Stock Down 0.4%

Shares of NYSEARCA DIVO opened at $45.87 on Friday. The firm’s 50-day moving average price is $45.96 and its 200-day moving average price is $45.10. The company has a market cap of $6.23 billion, a PE ratio of 22.46 and a beta of 0.72. Amplify CWP Enhanced Dividend Income ETF has a 52-week low of $36.20 and a 52-week high of $47.30.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.1863 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, February 26th. This is a positive change from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18.

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.