M Holdings Securities Inc. Makes New Investment in Amplify CWP Enhanced Dividend Income ETF $DIVO

M Holdings Securities Inc. acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,270 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIVO. Brighton Jones LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF in the 3rd quarter valued at about $445,000. Leelyn Smith LLC acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 3rd quarter worth about $206,000. Sierra Ocean LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 26.2% during the 3rd quarter. Sierra Ocean LLC now owns 167,082 shares of the company’s stock worth $7,768,000 after purchasing an additional 34,716 shares during the last quarter. United Advisor Group LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 2.9% during the third quarter. United Advisor Group LLC now owns 81,096 shares of the company’s stock worth $3,770,000 after buying an additional 2,278 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 213.3% during the third quarter. International Assets Investment Management LLC now owns 14,179 shares of the company’s stock worth $659,000 after buying an additional 9,653 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

NYSEARCA:DIVO opened at $47.15 on Wednesday. The firm has a 50 day simple moving average of $47.47 and a 200-day simple moving average of $46.58. The firm has a market cap of $8.00 billion, a PE ratio of 20.69 and a beta of 0.63. Amplify CWP Enhanced Dividend Income ETF has a 1-year low of $43.90 and a 1-year high of $49.03.

Amplify CWP Enhanced Dividend Income ETF 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.