Stillwater Wealth Management Group Buys Shares of 76,895 Amplify CWP Enhanced Dividend Income ETF $DIVO

Stillwater Wealth Management Group purchased a new position in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 76,895 shares of the company’s stock, valued at approximately $3,427,000. Amplify CWP Enhanced Dividend Income ETF comprises approximately 2.4% of Stillwater Wealth Management Group’s investment portfolio, making the stock its 20th biggest position. Stillwater Wealth Management Group owned about 0.06% of Amplify CWP Enhanced Dividend Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CWM LLC grew its position in Amplify CWP Enhanced Dividend Income ETF by 25.9% during the 3rd 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 last quarter. Farther Finance Advisors LLC lifted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 107.6% during the third quarter. Farther Finance Advisors LLC now owns 37,248 shares of the company’s stock worth $1,660,000 after buying an additional 19,302 shares during the period. Barnes Pettey Financial Advisors LLC lifted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 7.3% during the second quarter. Barnes Pettey Financial Advisors LLC now owns 120,467 shares of the company’s stock worth $5,126,000 after buying an additional 8,237 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the second quarter valued at $493,000. Finally, Alpine Bank Wealth Management increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 613.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 19,657 shares of the company’s stock valued at $876,000 after acquiring an additional 16,900 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Price Performance

Shares of DIVO stock opened at $44.86 on Thursday. The business has a fifty day moving average of $46.05 and a 200 day moving average of $45.22. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $36.20 and a 1 year high of $47.30. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a $0.1863 dividend. The ex-dividend date was Thursday, February 26th. This is a positive change 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 5.0%.

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.