Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Hits New 52-Week High – Time to Buy?

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $49.09 and last traded at $49.09, with a volume of 5520 shares traded. The stock had previously closed at $48.57.

Amplify CWP Enhanced Dividend Income ETF Stock Up 1.1%

The company has a market capitalization of $7.98 billion, a P/E ratio of 22.46 and a beta of 0.64. The company’s 50-day simple moving average is $46.87 and its 200 day simple moving average is $46.20.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

Large investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new stake in Amplify CWP Enhanced Dividend Income ETF in the second quarter worth $288,000. Operose Advisors LLC bought a new position in Amplify CWP Enhanced Dividend Income ETF during the second quarter valued at about $126,000. Concurrent Investment Advisors LLC raised its holdings in Amplify CWP Enhanced Dividend Income ETF by 3.3% during the second quarter. Concurrent Investment Advisors LLC now owns 17,128 shares of the company’s stock valued at $783,000 after buying an additional 550 shares in the last quarter. Carter Financial Group INC. lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 0.8% in the second quarter. Carter Financial Group INC. now owns 181,372 shares of the company’s stock worth $8,289,000 after buying an additional 1,391 shares during the last quarter. Finally, Tsfg LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 31.0% during the 2nd quarter. Tsfg LLC now owns 1,386 shares of the company’s stock worth $63,000 after acquiring an additional 328 shares in 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.