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

Shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.09 and last traded at $49.09, with a volume of 5520 shares traded. The stock had previously closed at $48.57.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The firm has a market capitalization of $7.98 billion, a P/E ratio of 22.46 and a beta of 0.64. The firm’s fifty day moving average price is $46.87 and its 200-day moving average price is $46.20.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning acquired a new stake in Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter worth about $438,000. JPMorgan Chase & Co. boosted its position in Amplify CWP Enhanced Dividend Income ETF by 18.6% during the second quarter. JPMorgan Chase & Co. now owns 39,062 shares of the company’s stock valued at $1,662,000 after purchasing an additional 6,132 shares during the last quarter. Cerity Partners LLC grew its stake in Amplify CWP Enhanced Dividend Income ETF by 8.1% in the second quarter. Cerity Partners LLC now owns 8,673 shares of the company’s stock valued at $370,000 after purchasing an additional 648 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Amplify CWP Enhanced Dividend Income ETF by 5,278.3% in the second 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 in the last quarter. Finally, NCM Capital Management LLC increased its position in Amplify CWP Enhanced Dividend Income ETF by 3.9% in the 2nd quarter. NCM Capital Management LLC now owns 299,115 shares of the company’s stock worth $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.