LPL Financial LLC Increases Stake in Amplify CWP Enhanced Dividend Income ETF $DIVO

LPL Financial LLC raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,447,779 shares of the company’s stock after buying an additional 294,892 shares during the period. LPL Financial LLC owned about 5.48% of Amplify CWP Enhanced Dividend Income ETF worth $331,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Atlantic Private Wealth LLC purchased a new stake in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter valued at approximately $291,000. Liberty Square Wealth Partners LLC increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 53.4% in the fourth quarter. Liberty Square Wealth Partners LLC now owns 51,631 shares of the company’s stock worth $2,298,000 after purchasing an additional 17,983 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 124.8% in the fourth quarter. Vise Technologies Inc. now owns 17,269 shares of the company’s stock worth $768,000 after purchasing an additional 9,587 shares in the last quarter. Avalon Capital Management increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 3.0% in the fourth quarter. Avalon Capital Management now owns 96,527 shares of the company’s stock worth $4,295,000 after purchasing an additional 2,821 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 2.6% in the fourth quarter. Lido Advisors LLC now owns 20,943 shares of the company’s stock worth $933,000 after purchasing an additional 525 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

Shares of NYSEARCA DIVO opened at $45.92 on Tuesday. The firm has a fifty day moving average price of $45.63 and a 200-day moving average price of $45.65. The stock has a market cap of $6.98 billion, a PE ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $41.33 and a 1 year high of $47.30.

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.