Northwestern Mutual Wealth Management Co. Grows Stake in Amplify CWP Enhanced Dividend Income ETF $DIVO

Northwestern Mutual Wealth Management Co. lifted its position in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 359.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,039,452 shares of the company’s stock after purchasing an additional 813,385 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $46,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dynamic Wealth Strategies LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 5.2% in the 4th quarter. Dynamic Wealth Strategies LLC now owns 4,417 shares of the company’s stock worth $197,000 after buying an additional 217 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 3.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,124 shares of the company’s stock worth $362,000 after buying an additional 253 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 2.6% in the 3rd quarter. PFG Investments LLC now owns 10,579 shares of the company’s stock worth $472,000 after buying an additional 268 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 1.1% in the 4th quarter. Belpointe Asset Management LLC now owns 25,898 shares of the company’s stock worth $1,152,000 after buying an additional 272 shares during the last quarter. Finally, Asset Allocation Strategies LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 5.2% in the 2nd quarter. Asset Allocation Strategies LLC now owns 5,826 shares of the company’s stock worth $248,000 after buying an additional 286 shares during the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

DIVO stock opened at $45.61 on Tuesday. The company has a market cap of $6.93 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 $40.58 and a 1 year high of $47.30. The stock’s fifty day moving average price is $45.37 and its 200-day moving average price is $45.54.

Amplify CWP Enhanced Dividend Income ETF Company 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.