HighTower Advisors LLC Grows Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

HighTower Advisors LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,001,176 shares of the company’s stock after buying an additional 102,832 shares during the period. HighTower Advisors LLC owned approximately 1.66% of Amplify CWP Enhanced Dividend Income ETF worth $89,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Retirement Planning Group LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 2.4% in the 3rd quarter. Retirement Planning Group LLC now owns 2,770,409 shares of the company’s stock worth $123,477,000 after acquiring an additional 66,180 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 0.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,724,657 shares of the company’s stock worth $121,084,000 after purchasing an additional 8,459 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 10.5% during the third quarter. Envestnet Asset Management Inc. now owns 2,311,564 shares of the company’s stock worth $103,026,000 after purchasing an additional 219,002 shares during the period. Truist Financial Corp boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 10.6% in the third quarter. Truist Financial Corp now owns 1,270,273 shares of the company’s stock valued at $56,616,000 after acquiring an additional 121,260 shares in the last quarter. Finally, MBL Wealth LLC raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 2.2% in the 3rd quarter. MBL Wealth LLC now owns 917,279 shares of the company’s stock worth $40,883,000 after acquiring an additional 19,524 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

NYSEARCA:DIVO opened at $46.59 on Monday. Amplify CWP Enhanced Dividend Income ETF has a one year low of $36.20 and a one year high of $47.30. The firm has a market capitalization of $6.33 billion, a P/E ratio of 22.46 and a beta of 0.72. The company’s 50-day simple moving average is $45.71 and its 200 day simple moving average is $44.74.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

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

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.