Welch Financial Planning LLC Takes $3.39 Million Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Welch Financial Planning LLC bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 76,245 shares of the company’s stock, valued at approximately $3,393,000. Amplify CWP Enhanced Dividend Income ETF accounts for about 2.5% of Welch Financial Planning LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other large investors also recently modified their holdings of the company. Creative Planning acquired a new stake in Amplify CWP Enhanced Dividend Income ETF in the 2nd quarter valued at $438,000. JPMorgan Chase & Co. increased its stake in Amplify CWP Enhanced Dividend Income ETF by 18.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 39,062 shares of the company’s stock valued at $1,662,000 after purchasing an additional 6,132 shares in the last quarter. Cerity Partners LLC raised its holdings in Amplify CWP Enhanced Dividend Income ETF by 8.1% during the second quarter. Cerity Partners LLC now owns 8,673 shares of the company’s stock worth $370,000 after buying an additional 648 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 5,278.3% in the second quarter. Qube Research & Technologies Ltd now owns 46,899 shares of the company’s stock valued at $1,996,000 after buying an additional 46,027 shares in the last quarter. Finally, NCM Capital Management LLC lifted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 3.9% in the second quarter. NCM Capital Management LLC now owns 299,115 shares of the company’s stock valued at $12,734,000 after buying an additional 11,291 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

Shares of NYSEARCA DIVO opened at $45.16 on Tuesday. The company has a 50-day moving average price of $45.59 and a 200-day moving average price of $45.49. The stock has a market capitalization of $6.86 billion, a P/E ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $40.12 and a 1 year high of $47.30.

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.