Elevation Point Wealth Partners LLC Purchases Shares of 113,989 Amplify CWP Enhanced Dividend Income ETF $DIVO

Elevation Point Wealth Partners LLC acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 113,989 shares of the company’s stock, valued at approximately $5,080,000.

A number of other large investors also recently added to or reduced their stakes in DIVO. Raymond James Financial Inc. grew its position in Amplify CWP Enhanced Dividend Income ETF by 2.8% during the 3rd quarter. Raymond James Financial Inc. now owns 14,813,665 shares of the company’s stock worth $660,245,000 after acquiring an additional 401,802 shares during the last quarter. Retirement Planning Group LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 2.4% in the third quarter. Retirement Planning Group LLC now owns 2,770,409 shares of the company’s stock worth $123,477,000 after purchasing an additional 66,180 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 0.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,724,657 shares of the company’s stock worth $121,084,000 after purchasing an additional 8,459 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Amplify CWP Enhanced Dividend Income ETF by 10.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,311,564 shares of the company’s stock valued at $103,026,000 after buying an additional 219,002 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Amplify CWP Enhanced Dividend Income ETF by 5.4% during the 3rd quarter. HighTower Advisors LLC now owns 2,001,176 shares of the company’s stock valued at $89,192,000 after buying an additional 102,832 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

NYSEARCA DIVO opened at $45.19 on Friday. The stock has a market cap of $6.14 billion, a P/E ratio of 22.46 and a beta of 0.72. The stock has a 50 day simple moving average of $46.04 and a two-hundred day simple moving average of $45.18. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $36.20 and a fifty-two week high of $47.30.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The business 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. The ex-dividend date was Thursday, February 26th. This is a boost from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a dividend yield of 4.9%.

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.