Royal Bank of Canada Grows Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Royal Bank of Canada boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 4.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,779,901 shares of the company’s stock after acquiring an additional 78,498 shares during the quarter. Royal Bank of Canada’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $79,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIVO. Dynamic Wealth Strategies LLC boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 5.2% in the fourth quarter. Dynamic Wealth Strategies LLC now owns 4,417 shares of the company’s stock valued at $197,000 after acquiring an additional 217 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 2.8% in the 4th quarter. IHT Wealth Management LLC now owns 8,644 shares of the company’s stock valued at $385,000 after acquiring an additional 239 shares during the period. Sachetta LLC raised its position in Amplify CWP Enhanced Dividend Income ETF by 1.2% in the 1st quarter. Sachetta LLC now owns 21,338 shares of the company’s stock valued at $957,000 after purchasing an additional 249 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Amplify CWP Enhanced Dividend Income ETF by 3.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,124 shares of the company’s stock valued at $362,000 after purchasing an additional 253 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 3.8% during the 1st quarter. Money Concepts Capital Corp now owns 7,209 shares of the company’s stock worth $323,000 after purchasing an additional 267 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of Amplify CWP Enhanced Dividend Income ETF stock opened at $46.89 on Friday. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $42.29 and a 1 year high of $47.30. The company has a market capitalization of $7.54 billion, a P/E ratio of 22.46 and a beta of 0.65. The company’s fifty day moving average is $46.25 and its two-hundred day moving average is $45.92.

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.