Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Hits New 1-Year High – Still a Buy?
by Mitch Edgeman · The Markets DailyShares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $46.06 and last traded at $46.0850, with a volume of 141426 shares. The stock had previously closed at $45.95.
Amplify CWP Enhanced Dividend Income ETF Trading Up 0.3%
The company’s fifty day simple moving average is $45.10 and its 200 day simple moving average is $43.86. The firm has a market capitalization of $5.57 billion, a P/E ratio of 22.46 and a beta of 0.72.
Institutional Trading of Amplify CWP Enhanced Dividend Income ETF
Several large investors have recently bought and sold shares of DIVO. Sachetta LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 1.2% during the 2nd quarter. Sachetta LLC now owns 20,240 shares of the company’s stock worth $861,000 after acquiring an additional 236 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 3.2% during the third 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 in the last quarter. Bank of Montreal Can grew its stake in Amplify CWP Enhanced Dividend Income ETF by 4.9% in the second quarter. Bank of Montreal Can now owns 5,454 shares of the company’s stock worth $232,000 after purchasing an additional 256 shares during the period. Joseph P. Lucia & Associates LLC raised its holdings in Amplify CWP Enhanced Dividend Income ETF by 2.4% in the second quarter. Joseph P. Lucia & Associates LLC now owns 11,380 shares of the company’s stock worth $484,000 after purchasing an additional 263 shares in the last quarter. Finally, PFG Investments LLC lifted its position in Amplify CWP Enhanced Dividend Income ETF by 2.6% during the third quarter. PFG Investments LLC now owns 10,579 shares of the company’s stock valued at $472,000 after buying an additional 268 shares during the period.
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.