Envestnet Asset Management Inc. Has $103.03 Million Stock Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Envestnet Asset Management Inc. boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 10.5% in the third quarter, HoldingsChannel reports. The fund owned 2,311,564 shares of the company’s stock after buying an additional 219,002 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $103,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Hibernia Wealth Partners LLC lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 103.8% in the second quarter. Hibernia Wealth Partners LLC now owns 830,912 shares of the company’s stock worth $35,355,000 after purchasing an additional 423,114 shares in the last quarter. Merit Financial Group LLC acquired a new position in Amplify CWP Enhanced Dividend Income ETF in the 3rd quarter valued at approximately $17,935,000. Marshall Financial Group LLC acquired a new position in Amplify CWP Enhanced Dividend Income ETF in the 3rd quarter valued at approximately $16,170,000. Vise Technologies Inc. purchased a new stake in Amplify CWP Enhanced Dividend Income ETF in the 2nd quarter worth approximately $8,599,000. Finally, Carter Financial Group INC. acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter valued at $7,340,000.

Amplify CWP Enhanced Dividend Income ETF Stock Up 1.8%

Amplify CWP Enhanced Dividend Income ETF stock opened at $47.11 on Friday. Amplify CWP Enhanced Dividend Income ETF has a 12 month low of $36.20 and a 12 month high of $47.17. The stock has a market cap of $6.40 billion, a P/E ratio of 22.46 and a beta of 0.72. The company’s fifty day simple moving average is $45.55 and its 200-day simple moving average is $44.60.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were given a $0.1826 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, January 29th.

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.