Elevation Point Wealth Partners LLC Makes New Investment in Amplify CWP Enhanced Dividend Income ETF $DIVO

Elevation Point Wealth Partners LLC acquired a new position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,989 shares of the company’s stock, valued at approximately $5,080,000. Elevation Point Wealth Partners LLC owned about 0.09% of Amplify CWP Enhanced Dividend Income ETF at the end of the most recent quarter.

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

Amplify CWP Enhanced Dividend Income ETF Stock Performance

DIVO stock opened at $45.19 on Friday. The stock has a fifty day moving average of $46.04 and a 200-day moving average of $45.18. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $36.20 and a fifty-two week high of $47.30. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.1863 per share. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, February 26th. This is a boost from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18.

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.