Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sets New 12-Month High – Here’s Why

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.26 and last traded at $48.25, with a volume of 70408 shares changing hands. The stock had previously closed at $48.16.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 22.46 and a beta of 0.64. The firm’s 50-day moving average is $46.46 and its 200 day moving average is $46.02.

Institutional Trading of Amplify CWP Enhanced Dividend Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the fourth quarter worth $1,513,000. DeLarme Wealth Management Inc. acquired a new stake in Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at $1,367,000. Key Client Fiduciary Advisors LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 58.1% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 34,625 shares of the company’s stock valued at $1,541,000 after acquiring an additional 12,725 shares during the last quarter. Sigma Planning Corp boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 630.1% during the 4th quarter. Sigma Planning Corp now owns 35,156 shares of the company’s stock valued at $1,564,000 after acquiring an additional 30,341 shares during the last quarter. Finally, CPC Advisors LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 3.0% during the 4th quarter. CPC Advisors LLC now owns 615,353 shares of the company’s stock valued at $27,383,000 after acquiring an additional 18,113 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.