Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Hits New 1-Year High – Here’s What Happened

Shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) reached a new 52-week high during trading on Monday . The stock traded as high as $47.30 and last traded at $46.9050, with a volume of 7092 shares traded. The stock had previously closed at $47.11.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72. The business’s 50-day simple moving average is $45.55 and its two-hundred day simple moving average is $44.61.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a dividend of $0.1826 per share. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, January 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DIVO. CWM LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 25.9% in the third quarter. CWM LLC now owns 529,080 shares of the company’s stock valued at $23,581,000 after purchasing an additional 108,676 shares in the last quarter. Farther Finance Advisors LLC increased its position in Amplify CWP Enhanced Dividend Income ETF by 107.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 37,248 shares of the company’s stock valued at $1,660,000 after buying an additional 19,302 shares in the last quarter. Barnes Pettey Financial Advisors LLC raised its stake in Amplify CWP Enhanced Dividend Income ETF by 7.3% during the 2nd quarter. Barnes Pettey Financial Advisors LLC now owns 120,467 shares of the company’s stock worth $5,126,000 after buying an additional 8,237 shares during the period. Global Retirement Partners LLC bought a new position in Amplify CWP Enhanced Dividend Income ETF in the second quarter worth approximately $493,000. Finally, Alpine Bank Wealth Management grew its stake in Amplify CWP Enhanced Dividend Income ETF by 613.0% in the third quarter. Alpine Bank Wealth Management now owns 19,657 shares of the company’s stock valued at $876,000 after acquiring an additional 16,900 shares during the period.

About Amplify CWP Enhanced Dividend 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.