Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Reaches New 1-Year Low – Should You Sell?

Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) reached a new 52-week low on Monday . The company traded as low as $36.20 and last traded at $36.30, with a volume of 293235 shares. The stock had previously closed at $37.70.

Amplify YieldShares CWP Dividend & Option Income ETF Price Performance

The firm has a market capitalization of $3.72 billion, a PE ratio of 23.90 and a beta of 0.74. The company has a 50-day moving average price of $41.41 and a 200-day moving average price of $41.39.

Amplify YieldShares CWP Dividend & Option Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.167 per share. This is a boost from Amplify YieldShares CWP Dividend & Option Income ETF’s previous dividend of $0.16. The ex-dividend date was Thursday, February 27th.

Hedge Funds Weigh In On Amplify YieldShares CWP Dividend & Option Income ETF

A number of institutional investors have recently modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in Amplify YieldShares CWP Dividend & Option Income ETF during the fourth quarter worth approximately $64,000. Cary Street Partners Financial LLC acquired a new stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF during the fourth quarter worth $12,364,000. Jaffetilchin Investment Partners LLC grew its position in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 4.8% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 108,681 shares of the company’s stock valued at $4,399,000 after purchasing an additional 5,012 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the fourth quarter valued at $52,000. Finally, Millstone Evans Group LLC acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the fourth quarter valued at $135,000.

Amplify YieldShares CWP Dividend & Option Income ETF Company Profile

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.