Marshall Financial Group LLC Has $16.98 Million Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Marshall Financial Group LLC boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,480 shares of the company’s stock after buying an additional 18,688 shares during the period. Amplify CWP Enhanced Dividend Income ETF makes up approximately 3.3% of Marshall Financial Group LLC’s investment portfolio, making the stock its 4th largest position. Marshall Financial Group LLC owned about 0.29% of Amplify CWP Enhanced Dividend Income ETF worth $16,976,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of 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 worth $61,000 after acquiring an additional 772 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 3rd quarter worth approximately $63,000. AE Wealth Management LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 15.3% in the third quarter. AE Wealth Management LLC now owns 2,704 shares of the company’s stock valued at $121,000 after acquiring an additional 358 shares during the last quarter. CoreCap Advisors LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 16.3% in the third quarter. CoreCap Advisors LLC now owns 3,334 shares of the company’s stock valued at $149,000 after acquiring an additional 468 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC raised its position in Amplify CWP Enhanced Dividend Income ETF by 12.4% during the third quarter. Dynamic Wealth Strategies LLC now owns 4,200 shares of the company’s stock valued at $187,000 after purchasing an additional 464 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

NYSEARCA DIVO opened at $44.34 on Monday. The business has a fifty day moving average price of $46.01 and a two-hundred day moving average price of $45.24. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $36.20 and a fifty-two week high of $47.30. The stock has a market capitalization of $6.02 billion, a PE ratio of 22.46 and a beta of 0.72.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.1863 per share. This is an increase from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Amplify CWP Enhanced Dividend 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.