Sequoia Financial Advisors LLC Trims Stock Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Sequoia Financial Advisors LLC lessened its stake in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 11.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 628,175 shares of the company’s stock after selling 82,384 shares during the period. Sequoia Financial Advisors LLC’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $28,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Reliant Wealth Planning acquired a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter valued at $45,289,000. Northwestern Mutual Wealth Management Co. grew its position in Amplify CWP Enhanced Dividend Income ETF by 359.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,452 shares of the company’s stock valued at $46,256,000 after buying an additional 813,385 shares during the period. Raymond James Financial Inc. grew its position in Amplify CWP Enhanced Dividend Income ETF by 5.2% during the fourth quarter. Raymond James Financial Inc. now owns 15,586,010 shares of the company’s stock valued at $693,577,000 after buying an additional 772,345 shares during the period. CPC Advisors LLC increased its holdings in Amplify CWP Enhanced Dividend Income ETF by 99.1% in the first quarter. CPC Advisors LLC now owns 1,225,470 shares of the company’s stock valued at $54,962,000 after buying an additional 610,117 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Amplify CWP Enhanced Dividend Income ETF by 22.8% in the fourth quarter. Morgan Stanley now owns 2,929,359 shares of the company’s stock valued at $130,357,000 after buying an additional 543,114 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of Amplify CWP Enhanced Dividend Income ETF stock opened at $47.73 on Thursday. The company has a market cap of $7.76 billion, a P/E ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $43.28 and a fifty-two week high of $49.03. The firm has a 50-day simple moving average of $47.51 and a two-hundred day simple moving average of $46.35.

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.