Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Hits New 52-Week High – Time to Buy?

by · The Cerbat Gem

Shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $45.81 and last traded at $45.8650, with a volume of 284731 shares. The stock had previously closed at $45.37.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

The company has a market cap of $5.55 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72. The company’s 50 day moving average price is $44.83 and its 200 day moving average price is $43.56.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 1.9% in the third quarter. Allworth Financial LP now owns 44,668 shares of the company’s stock worth $1,991,000 after buying an additional 824 shares during the last quarter. Stillwater Wealth Management Group acquired a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 3rd quarter valued at about $3,427,000. Capital Square LLC raised its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 3.4% in the 3rd quarter. Capital Square LLC now owns 72,600 shares of the company’s stock valued at $3,236,000 after acquiring an additional 2,388 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Amplify CWP Enhanced Dividend Income ETF by 5.4% in the 3rd quarter. NewEdge Advisors LLC now owns 382,111 shares of the company’s stock worth $17,031,000 after purchasing an additional 19,658 shares during the last quarter. Finally, Sterling Financial Group Inc. lifted its holdings in Amplify CWP Enhanced Dividend Income ETF by 9.0% in the 3rd quarter. Sterling Financial Group Inc. now owns 765,866 shares of the company’s stock worth $34,135,000 after purchasing an additional 63,441 shares during the last quarter.

Amplify CWP Enhanced Dividend Income ETF Company Profile

(Get Free Report)

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.

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