Amplify CWP Enhanced Dividend Income ETF $DIVO is MBL Wealth LLC’s 6th Largest Position

MBL Wealth LLC grew its holdings in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 941,552 shares of the company’s stock after buying an additional 24,273 shares during the period. Amplify CWP Enhanced Dividend Income ETF accounts for approximately 3.4% of MBL Wealth LLC’s portfolio, making the stock its 6th largest position. MBL Wealth LLC owned about 0.70% of Amplify CWP Enhanced Dividend Income ETF worth $41,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at about $53,000. Geneos Wealth Management Inc. raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 127.8% in the third quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the company’s stock valued at $61,000 after buying an additional 772 shares during the last quarter. Root Financial Partners LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the third quarter worth about $63,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth about $90,000. Finally, AE Wealth Management LLC raised its holdings in Amplify CWP Enhanced Dividend Income ETF by 15.3% during the third quarter. AE Wealth Management LLC now owns 2,704 shares of the company’s stock worth $121,000 after purchasing an additional 358 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Stock Down 0.5%

NYSEARCA DIVO opened at $44.94 on Wednesday. The stock has a market capitalization of $6.64 billion, a P/E ratio of 22.46 and a beta of 0.71. Amplify CWP Enhanced Dividend Income ETF has a 52-week low of $36.69 and a 52-week high of $47.30. The firm has a 50-day moving average price of $45.85 and a 200 day moving average price of $45.32.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a dividend of $0.1863 per share. This is an increase from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Thursday, February 26th.

Amplify CWP Enhanced Dividend Income ETF 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.