Modern Wealth Management LLC Decreases Holdings in Amplify CWP Enhanced Dividend Income ETF $DIVO

Modern Wealth Management LLC decreased its stake in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 32.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 184,120 shares of the company’s stock after selling 86,721 shares during the period. Modern Wealth Management LLC owned 0.12% of Amplify CWP Enhanced Dividend Income ETF worth $8,273,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its position in shares of Amplify CWP Enhanced Dividend Income ETF by 5.2% during the 4th quarter. Raymond James Financial Inc. now owns 15,586,010 shares of the company’s stock valued at $693,577,000 after acquiring an additional 772,345 shares during the period. LPL Financial LLC raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 7,447,779 shares of the company’s stock worth $331,426,000 after purchasing an additional 294,892 shares during the period. Retirement Planning Group LLC lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 9.9% in the first quarter. Retirement Planning Group LLC now owns 3,180,704 shares of the company’s stock valued at $142,655,000 after purchasing an additional 287,226 shares during the last quarter. Morgan Stanley lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 22.8% in the fourth quarter. Morgan Stanley now owns 2,929,359 shares of the company’s stock valued at $130,357,000 after purchasing an additional 543,114 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 6.7% in the fourth quarter. HighTower Advisors LLC now owns 2,136,241 shares of the company’s stock valued at $95,063,000 after purchasing an additional 135,065 shares during the last quarter.

Amplify CWP Enhanced Dividend Income ETF Trading Up 0.4%

Shares of NYSEARCA DIVO opened at $46.67 on Friday. The stock has a fifty day simple moving average of $46.15 and a two-hundred day simple moving average of $45.86. Amplify CWP Enhanced Dividend Income ETF has a 1-year low of $42.29 and a 1-year high of $47.30. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65.

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.