Independent Financial Group LLC Makes New $1.10 Million Investment in Amplify CWP Enhanced Dividend Income ETF $DIVO

Independent Financial Group LLC bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,517 shares of the company’s stock, valued at approximately $1,100,000.

A number of other institutional investors have also recently modified their holdings of the business. Creative Planning acquired a new position in Amplify CWP Enhanced Dividend Income ETF in the 2nd quarter worth about $438,000. JPMorgan Chase & Co. grew its holdings in Amplify CWP Enhanced Dividend Income ETF by 18.6% in the second 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 during the period. Cerity Partners LLC grew its holdings in Amplify CWP Enhanced Dividend Income ETF by 8.1% in the second quarter. Cerity Partners LLC now owns 8,673 shares of the company’s stock valued at $370,000 after purchasing an additional 648 shares during the period. Qube Research & Technologies Ltd increased its position 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 increased its position 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 DIVO stock opened at $46.23 on Tuesday. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65. The stock has a 50 day simple moving average of $46.06 and a 200-day simple moving average of $45.82. Amplify CWP Enhanced Dividend Income ETF has a 1-year low of $42.29 and a 1-year high of $47.30.

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.