Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Hits New 1-Year High – Should You Buy?

Shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) hit a new 52-week high on Tuesday . The stock traded as high as $46.44 and last traded at $46.28, with a volume of 76293 shares. The stock had previously closed at $46.12.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The firm has a market cap of $6.27 billion, a PE ratio of 22.46 and a beta of 0.72. The firm has a 50-day simple moving average of $45.45 and a 200 day simple moving average of $44.51.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were given a dividend of $0.1826 per share. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, January 29th.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DIVO. Ameritas Advisory Services LLC purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the second quarter valued at approximately $223,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 2nd quarter worth approximately $3,271,000. Belpointe Asset Management LLC increased its position in Amplify CWP Enhanced Dividend Income ETF by 4.8% during the 2nd quarter. Belpointe Asset Management LLC now owns 25,512 shares of the company’s stock valued at $1,086,000 after buying an additional 1,171 shares in the last quarter. Sachetta LLC raised its stake in Amplify CWP Enhanced Dividend Income ETF by 1.2% during the second quarter. Sachetta LLC now owns 20,240 shares of the company’s stock valued at $861,000 after buying an additional 236 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 2.3% in the second quarter. Blair William & Co. IL now owns 70,505 shares of the company’s stock worth $3,000,000 after acquiring an additional 1,609 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.