Altus Wealth Group LLC Has $13.16 Million Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Altus Wealth Group LLC raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 72.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 293,519 shares of the company’s stock after purchasing an additional 122,915 shares during the quarter. Amplify CWP Enhanced Dividend Income ETF accounts for about 5.4% of Altus Wealth Group LLC’s portfolio, making the stock its 4th largest holding. Altus Wealth Group LLC’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $13,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dynamic Wealth Strategies LLC lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 5.2% during the 4th quarter. Dynamic Wealth Strategies LLC now owns 4,417 shares of the company’s stock worth $197,000 after purchasing an additional 217 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 2.8% during the 4th quarter. IHT Wealth Management LLC now owns 8,644 shares of the company’s stock valued at $385,000 after purchasing an additional 239 shares during the period. Orion Porfolio Solutions LLC grew 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 valued at $362,000 after buying an additional 253 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Amplify CWP Enhanced Dividend Income ETF by 1.1% in the 4th quarter. Belpointe Asset Management LLC now owns 25,898 shares of the company’s stock valued at $1,152,000 after buying an additional 272 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in Amplify CWP Enhanced Dividend Income ETF by 1.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,580 shares of the company’s stock worth $693,000 after buying an additional 278 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Price Performance

Shares of DIVO stock opened at $46.43 on Friday. Amplify CWP Enhanced Dividend Income ETF has a 12 month low of $42.29 and a 12 month high of $47.30. The firm has a market cap of $7.30 billion, a PE ratio of 22.46 and a beta of 0.65. The stock has a 50 day moving average of $45.86 and a 200-day moving average of $45.76.

Amplify CWP Enhanced Dividend Income ETF 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.