Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sets New 12-Month High – Here’s Why

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.56 and last traded at $48.45, with a volume of 2600 shares. The stock had previously closed at $48.45.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The company has a fifty day moving average of $46.63 and a 200 day moving average of $46.10. The firm has a market capitalization of $7.91 billion, a P/E ratio of 22.46 and a beta of 0.64.

Institutional Inflows and Outflows

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

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.