Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Hits New 1-Year High – Should You Buy?

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.44 and last traded at $46.28, with a volume of 76293 shares. The stock had previously closed at $46.12.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

The business has a 50-day simple moving average of $45.45 and a 200 day simple moving average of $44.51. The firm has a market cap of $6.27 billion, a P/E ratio of 22.46 and a beta of 0.72.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were given a dividend of $0.1826 per share. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, January 29th.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of large investors have recently modified their holdings of DIVO. Sachetta LLC raised its stake in Amplify CWP Enhanced Dividend Income ETF by 1.2% in the second quarter. Sachetta LLC now owns 20,240 shares of the company’s stock worth $861,000 after buying an additional 236 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 3.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,124 shares of the company’s stock worth $362,000 after acquiring an additional 253 shares during the period. Bank of Montreal Can raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 4.9% in the 2nd quarter. Bank of Montreal Can now owns 5,454 shares of the company’s stock worth $232,000 after acquiring an additional 256 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 2.4% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 11,380 shares of the company’s stock worth $484,000 after acquiring an additional 263 shares in the last quarter. Finally, PFG Investments LLC lifted 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 valued at $472,000 after purchasing an additional 268 shares during the period.

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.