Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) Stock Jumps 1.7% – Here’s Why

Shares of Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) rose 1.7% during mid-day trading on Wednesday. The company traded as high as $40.29 and last traded at $40.04. 192,635 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 318,332 shares. The stock had previously closed at $39.36.

Amplify CWP International Enhanced Dividend Income ETF Stock Performance

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 16.90 and a beta of 0.70. The firm’s 50 day simple moving average is $41.76 and its 200 day simple moving average is $42.04.

Institutional Trading of Amplify CWP International Enhanced Dividend Income ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Atlas Wealth LLC acquired a new stake in shares of Amplify CWP International Enhanced Dividend Income ETF during the 1st quarter valued at about $53,000. Noble Wealth Management PBC purchased a new position in shares of Amplify CWP International Enhanced Dividend Income ETF in the second quarter worth about $88,000. Arkadios Wealth Advisors grew its position in shares of Amplify CWP International Enhanced Dividend Income ETF by 41.4% in the first quarter. Arkadios Wealth Advisors now owns 8,429 shares of the company’s stock valued at $341,000 after purchasing an additional 2,468 shares in the last quarter. Reliant Wealth Planning acquired a new stake in shares of Amplify CWP International Enhanced Dividend Income ETF in the 1st quarter worth $374,000. Finally, Farther Finance Advisors LLC increased its position in Amplify CWP International Enhanced Dividend Income ETF by 1.6% during the third quarter. Farther Finance Advisors LLC now owns 22,990 shares of the company’s stock worth $955,000 after purchasing an additional 353 shares during the last quarter.

About Amplify CWP International Enhanced Dividend Income ETF

The Amplify International Enhanced Dividend Income ETF (IDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that provides current income and capital appreciation by selecting dividend-paying ADRs of stocks from the MSCI ACWI ex USA Index, overlaid with a tactical call writing strategy. IDVO was launched on Sep 8, 2022 and is managed by Amplify.