Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sets New 52-Week High – Should You Buy?

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $47.45 and last traded at $47.35, with a volume of 43318 shares changing hands. The stock had previously closed at $47.09.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

The company has a market cap of $7.80 billion, a P/E ratio of 22.46 and a beta of 0.64. The business’s 50-day moving average price is $46.34 and its 200 day moving average price is $45.97.

Institutional Trading of Amplify CWP Enhanced Dividend Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of DIVO. Creative Planning bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter worth approximately $438,000. JPMorgan Chase & Co. increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 18.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 39,062 shares of the company’s stock worth $1,662,000 after acquiring an additional 6,132 shares during the last quarter. Cerity Partners LLC raised its stake in Amplify CWP Enhanced Dividend Income ETF by 8.1% in the 2nd quarter. Cerity Partners LLC now owns 8,673 shares of the company’s stock valued at $370,000 after acquiring an additional 648 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Amplify CWP Enhanced Dividend Income ETF by 5,278.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 46,899 shares of the company’s stock valued at $1,996,000 after purchasing an additional 46,027 shares during the last quarter. Finally, NCM Capital Management LLC lifted its holdings in Amplify CWP Enhanced Dividend Income ETF by 3.9% during the 2nd quarter. NCM Capital Management LLC now owns 299,115 shares of the company’s stock valued at $12,734,000 after purchasing an additional 11,291 shares during the last quarter.

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.