Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Reaches New 12-Month High – Here’s Why

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

Amplify CWP Enhanced Dividend Income ETF Stock Down 0.4%

The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72. The business has a 50 day moving average price of $45.50 and a 200-day moving average price of $44.55.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

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

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIVO. Optima Capital LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at about $27,000. Financial Consulate Inc. acquired a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter valued at approximately $49,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth approximately $53,000. Finally, Simplex Trading LLC grew its position in shares of Amplify CWP Enhanced Dividend Income ETF by 934.6% during the second quarter. Simplex Trading LLC now owns 1,345 shares of the company’s stock worth $57,000 after buying an additional 1,215 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.