Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Reaches New 52-Week High – Should You Buy?

Shares of Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.83 and last traded at $41.83, with a volume of 1086 shares traded. The stock had previously closed at $41.82.

Amplify YieldShares CWP Dividend & Option Income ETF Stock Performance

The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 15.30 and a beta of 0.55. The firm has a fifty day moving average price of $40.28 and a 200 day moving average price of $39.25.

Institutional Trading of Amplify YieldShares CWP Dividend & Option Income ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Vantage Financial Partners LLC increased its position in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 2.3% in the second quarter. Vantage Financial Partners LLC now owns 324,191 shares of the company’s stock valued at $12,546,000 after buying an additional 7,406 shares in the last quarter. Rothschild Investment LLC purchased a new position in Amplify YieldShares CWP Dividend & Option Income ETF during the 2nd quarter valued at about $465,000. Busey Bank acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF during the second quarter worth about $226,000. ORG Partners LLC purchased a new stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF in the second quarter valued at about $1,781,000. Finally, Webster Bank N. A. grew its position in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 9.4% in the second quarter. Webster Bank N. A. now owns 7,659 shares of the company’s stock valued at $296,000 after purchasing an additional 659 shares during the last quarter.

Amplify YieldShares CWP Dividend & Option 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.