Northwestern Mutual Wealth Management Co. Acquires 813,385 Shares of Amplify CWP Enhanced Dividend Income ETF $DIVO

Northwestern Mutual Wealth Management Co. grew its holdings in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 359.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,039,452 shares of the company’s stock after purchasing an additional 813,385 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.77% of Amplify CWP Enhanced Dividend Income ETF worth $46,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DIVO. Optima Capital LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth $27,000. Financial Consulate Inc. bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth $53,000. Root Financial Partners LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 3rd quarter worth $63,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth $90,000.

Amplify CWP Enhanced Dividend Income ETF Trading Up 0.5%

Amplify CWP Enhanced Dividend Income ETF stock opened at $45.61 on Tuesday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65. The stock has a fifty day simple moving average of $45.37 and a two-hundred day simple moving average of $45.54. Amplify CWP Enhanced Dividend Income ETF has a 12 month low of $40.58 and a 12 month high of $47.30.

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.