Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sets New 1-Year High – Here’s What Happened

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.10 and last traded at $43.01, with a volume of 376058 shares traded. The stock had previously closed at $42.79.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 22.46 and a beta of 0.77. The business’s 50 day moving average is $41.29 and its 200 day moving average is $40.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DIVO. Cambridge Investment Research Advisors Inc. lifted its position in Amplify CWP Enhanced Dividend Income ETF by 20.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 177,643 shares of the company’s stock valued at $7,243,000 after acquiring an additional 29,641 shares during the last quarter. Atlas Wealth LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter valued at about $450,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter valued at about $52,000. Jaffetilchin Investment Partners LLC boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 4.8% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 108,681 shares of the company’s stock valued at $4,399,000 after purchasing an additional 5,012 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in Amplify CWP Enhanced Dividend Income ETF by 81.6% during the 1st quarter. Rosenberg Matthew Hamilton now owns 14,818 shares of the company’s stock worth $604,000 after buying an additional 6,659 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.