Modern Wealth Management LLC Lowers Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Modern Wealth Management LLC decreased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 32.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,120 shares of the company’s stock after selling 86,721 shares during the period. Modern Wealth Management LLC’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $8,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 11.5% in the 1st quarter. Cetera Investment Advisers now owns 1,057,026 shares of the company’s stock valued at $47,408,000 after acquiring an additional 109,008 shares in the last quarter. Clearwater Capital Advisors LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 1st quarter valued at about $421,000. Carson Advisory Inc. grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 1.7% during the first quarter. Carson Advisory Inc. now owns 23,623 shares of the company’s stock worth $1,059,000 after purchasing an additional 398 shares in the last quarter. Liberty Square Wealth Partners LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 10.1% during the first quarter. Liberty Square Wealth Partners LLC now owns 56,869 shares of the company’s stock worth $2,551,000 after purchasing an additional 5,238 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the first quarter worth approximately $390,000.

Amplify CWP Enhanced Dividend Income ETF Trading Up 0.4%

DIVO stock opened at $46.67 on Friday. The company’s 50 day moving average is $46.15 and its 200 day moving average is $45.86. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 1-year low of $42.29 and a 1-year high of $47.30.

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.