Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Stock Price Breaks Above Fifty Day Moving Average – What’s Next?

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $47.73 and traded as high as $47.90. Amplify CWP Enhanced Dividend Income ETF shares last traded at $47.76, with a volume of 587,517 shares trading hands.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The firm has a market capitalization of $8.02 billion, a P/E ratio of 22.46 and a beta of 0.65. The company’s 50-day simple moving average is $47.73 and its two-hundred day simple moving average is $46.46.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sachetta LLC raised its stake in Amplify CWP Enhanced Dividend Income ETF by 1.2% during the first quarter. Sachetta LLC now owns 21,338 shares of the company’s stock valued at $957,000 after purchasing an additional 249 shares in the last quarter. Money Concepts Capital Corp boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 3.8% during the first quarter. Money Concepts Capital Corp now owns 7,209 shares of the company’s stock worth $323,000 after buying an additional 267 shares during the period. Semus Wealth Partners LLC raised its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 0.9% in the first quarter. Semus Wealth Partners LLC now owns 31,932 shares of the company’s stock valued at $1,432,000 after acquiring an additional 278 shares during the period. Tsfg LLC lifted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 31.0% in the 2nd quarter. Tsfg LLC now owns 1,386 shares of the company’s stock worth $63,000 after acquiring an additional 328 shares during the last quarter. Finally, Northwest Financial Advisors lifted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 0.8% in the 1st quarter. Northwest Financial Advisors now owns 44,071 shares of the company’s stock worth $1,977,000 after acquiring an additional 338 shares during the last quarter.

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.