Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO – Get Free Report) shares passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $47.60 and traded as high as $48.10. Amplify CWP Enhanced Dividend Income ETF shares last traded at $48.06, with a volume of 1,122,101 shares.
Amplify CWP Enhanced Dividend Income ETF Stock Up 1.9%
The firm has a market capitalization of $8.13 billion, a PE ratio of 22.46 and a beta of 0.63. The stock’s fifty day simple moving average is $47.60 and its 200 day simple moving average is $46.54.
Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF
A number of institutional investors have recently bought and sold shares of DIVO. Envestnet Asset Management Inc. boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,635,616 shares of the company’s stock valued at $166,148,000 after purchasing an additional 295,894 shares during the last quarter. Retirement Planning Group LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the third quarter worth about $166,636,000. Royal Bank of Canada increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 4.6% in the first quarter. Royal Bank of Canada now owns 1,779,901 shares of the company’s stock worth $79,829,000 after purchasing an additional 78,498 shares during the last quarter. MBL Wealth LLC lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 4.3% in the third quarter. MBL Wealth LLC now owns 1,070,072 shares of the company’s stock worth $49,748,000 after buying an additional 44,311 shares in the last quarter. Finally, Reliant Wealth Planning lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 4.0% in the first quarter. Reliant Wealth Planning now owns 1,058,336 shares of the company’s stock worth $47,466,000 after buying an additional 40,616 shares in 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.
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