Amplify CWP Enhanced Dividend Income ETF $DIVO is MBL Wealth LLC’s 6th Largest Position

MBL Wealth LLC increased its position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 941,552 shares of the company’s stock after purchasing an additional 24,273 shares during the period. Amplify CWP Enhanced Dividend Income ETF makes up approximately 3.4% of MBL Wealth LLC’s portfolio, making the stock its 6th largest position. MBL Wealth LLC’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $41,899,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth about $53,000. Geneos Wealth Management Inc. raised its holdings in Amplify CWP Enhanced Dividend Income ETF by 127.8% during the third quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the company’s stock worth $61,000 after purchasing an additional 772 shares in the last quarter. Root Financial Partners LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the third quarter worth about $63,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth about $90,000. Finally, AE Wealth Management LLC grew its position in Amplify CWP Enhanced Dividend Income ETF by 15.3% during the third quarter. AE Wealth Management LLC now owns 2,704 shares of the company’s stock worth $121,000 after buying an additional 358 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Trading Down 0.5%

Shares of DIVO opened at $44.94 on Wednesday. The firm’s 50-day moving average is $45.85 and its two-hundred day moving average is $45.32. Amplify CWP Enhanced Dividend Income ETF has a twelve month low of $36.69 and a twelve month high of $47.30. The firm has a market capitalization of $6.64 billion, a P/E ratio of 22.46 and a beta of 0.71.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a dividend of $0.1863 per share. The ex-dividend date was Thursday, February 26th. This is an increase from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a yield of 5.0%.

Amplify CWP Enhanced Dividend Income ETF 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.