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

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.06 and last traded at $46.0850, with a volume of 141426 shares traded. The stock had previously closed at $45.95.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

The business’s 50-day moving average is $45.10 and its 200-day moving average is $43.86. The company has a market capitalization of $5.57 billion, a PE ratio of 22.46 and a beta of 0.72.

Institutional Trading of Amplify CWP Enhanced Dividend Income ETF

A number of hedge funds have recently made changes to their positions in the stock. ORG Partners LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the second quarter valued at $25,000. Parkside Financial Bank & Trust purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the 2nd quarter worth about $49,000. Simplex Trading LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 934.6% in the 2nd quarter. Simplex Trading LLC now owns 1,345 shares of the company’s stock worth $57,000 after purchasing an additional 1,215 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Amplify CWP Enhanced Dividend Income ETF by 127.8% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the company’s stock valued at $61,000 after purchasing an additional 772 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Amplify CWP Enhanced Dividend Income ETF during the 3rd quarter valued at about $63,000.

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.