Stephens Inc. AR Boosts Holdings in Amplify CWP Enhanced Dividend Income ETF $DIVO

Stephens Inc. AR increased its position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 155.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 79,237 shares of the company’s stock after purchasing an additional 48,179 shares during the quarter. Stephens Inc. AR’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $3,554,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its stake in Amplify CWP Enhanced Dividend Income ETF by 5.2% during the fourth quarter. Raymond James Financial Inc. now owns 15,586,010 shares of the company’s stock worth $693,577,000 after acquiring an additional 772,345 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 7,447,779 shares of the company’s stock valued at $331,426,000 after purchasing an additional 294,892 shares during the last quarter. Morgan Stanley lifted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 22.8% in the 4th quarter. Morgan Stanley now owns 2,929,359 shares of the company’s stock valued at $130,357,000 after purchasing an additional 543,114 shares during the last quarter. Retirement Planning Group LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 4.4% during the 4th quarter. Retirement Planning Group LLC now owns 2,893,478 shares of the company’s stock worth $128,760,000 after purchasing an additional 123,069 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,743,905 shares of the company’s stock worth $124,439,000 after purchasing an additional 19,248 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Trading Down 0.5%

Shares of NYSEARCA:DIVO opened at $46.21 on Thursday. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 12-month low of $42.29 and a 12-month high of $47.30. The business has a 50-day moving average price of $45.91 and a 200 day moving average price of $45.78.

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.