Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sets New 52-Week High – What’s Next?

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.56 and last traded at $48.45, with a volume of 2600 shares trading hands. The stock had previously closed at $48.45.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The firm’s 50-day simple moving average is $46.63 and its 200 day simple moving average is $46.10. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 22.46 and a beta of 0.64.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of institutional investors have recently modified their holdings of DIVO. Simplex Trading LLC acquired a new stake in Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at about $26,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter valued at approximately $30,000. Blue Trust Inc. increased its position in Amplify CWP Enhanced Dividend Income ETF by 1,295.8% during the 1st quarter. Blue Trust Inc. now owns 2,652 shares of the company’s stock worth $119,000 after purchasing an additional 2,462 shares in the last quarter. Camelot Portfolios LLC bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter valued at $137,000. Finally, Root Financial Partners LLC grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 139.1% in the fourth quarter. Root Financial Partners LLC now owns 3,385 shares of the company’s stock worth $151,000 after purchasing an additional 1,969 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.