Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Sets New 12-Month High – Should You Buy?

Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO)’s share price reached a new 52-week high on Friday . The stock traded as high as $42.29 and last traded at $42.29, with a volume of 75486 shares. The stock had previously closed at $41.97.

Amplify YieldShares CWP Dividend & Option Income ETF Stock Up 0.6 %

The stock has a fifty day moving average price of $41.23 and a two-hundred day moving average price of $39.87. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 15.30 and a beta of 0.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DIVO. Plotkin Financial Advisors LLC purchased a new stake in Amplify YieldShares CWP Dividend & Option Income ETF in the 3rd quarter valued at about $2,556,000. ORG Partners LLC acquired a new stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF in the second quarter worth approximately $1,781,000. Janney Montgomery Scott LLC grew its holdings in Amplify YieldShares CWP Dividend & Option Income ETF by 3.2% in the third quarter. Janney Montgomery Scott LLC now owns 1,438,007 shares of the company’s stock valued at $59,232,000 after purchasing an additional 44,197 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF during the first quarter worth approximately $823,000. Finally, Cary Street Partners Asset Management LLC raised its stake in Amplify YieldShares CWP Dividend & Option Income ETF by 6.3% during the third quarter. Cary Street Partners Asset Management LLC now owns 270,185 shares of the company’s stock worth $11,129,000 after purchasing an additional 16,047 shares during the period.

About Amplify YieldShares CWP Dividend & Option Income ETF

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.