Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) Hits New 52-Week High – Still a Buy?

Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) reached a new 52-week high during trading on Friday . The company traded as high as $40.24 and last traded at $40.0360, with a volume of 460 shares. The stock had previously closed at $39.90.

Amplify CWP International Enhanced Dividend Income ETF Price Performance

The stock has a market cap of $667.80 million, a P/E ratio of 16.90 and a beta of 0.74. The firm’s 50-day moving average price is $38.19 and its 200-day moving average price is $36.58.

Hedge Funds Weigh In On Amplify CWP International Enhanced Dividend Income ETF

Several institutional investors have recently added to or reduced their stakes in IDVO. Pinnacle Bancorp Inc. purchased a new stake in shares of Amplify CWP International Enhanced Dividend Income ETF during the 3rd quarter worth approximately $128,000. Farther Finance Advisors LLC bought a new stake in Amplify CWP International Enhanced Dividend Income ETF in the second quarter worth $581,000. West Michigan Advisors LLC raised its stake in Amplify CWP International Enhanced Dividend Income ETF by 7.5% during the second quarter. West Michigan Advisors LLC now owns 19,279 shares of the company’s stock valued at $662,000 after purchasing an additional 1,344 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Amplify CWP International Enhanced Dividend Income ETF by 27.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 53,602 shares of the company’s stock valued at $1,842,000 after acquiring an additional 11,597 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Amplify CWP International Enhanced Dividend Income ETF by 6.0% in the second quarter. Janney Montgomery Scott LLC now owns 652,770 shares of the company’s stock worth $22,429,000 after acquiring an additional 37,231 shares in the last quarter.

Amplify CWP International Enhanced Dividend Income ETF Company Profile

The Amplify International Enhanced Dividend Income ETF (IDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that provides current income and capital appreciation by selecting dividend-paying ADRs of stocks from the MSCI ACWI ex USA Index, overlaid with a tactical call writing strategy. IDVO was launched on Sep 8, 2022 and is managed by Amplify.