HighTower Advisors LLC Boosts Stock Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

HighTower Advisors LLC grew its stake in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,136,241 shares of the company’s stock after purchasing an additional 135,065 shares during the period. HighTower Advisors LLC owned approximately 1.57% of Amplify CWP Enhanced Dividend Income ETF worth $95,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DIVO. Northwestern Mutual Wealth Management Co. grew its position in shares of Amplify CWP Enhanced Dividend Income ETF by 359.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,452 shares of the company’s stock valued at $46,256,000 after purchasing an additional 813,385 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at approximately $33,547,000. Merit Financial Group LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the third quarter valued at approximately $17,935,000. Raymond James Financial Inc. grew its position in shares of Amplify CWP Enhanced Dividend Income ETF by 2.8% in the third quarter. Raymond James Financial Inc. now owns 14,813,665 shares of the company’s stock valued at $660,245,000 after purchasing an additional 401,802 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Amplify CWP Enhanced Dividend Income ETF by 1,042.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 420,519 shares of the company’s stock valued at $18,742,000 after purchasing an additional 383,719 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

DIVO stock opened at $45.50 on Wednesday. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $40.58 and a 1 year high of $47.30. The firm has a market capitalization of $6.91 billion, a PE ratio of 22.46 and a beta of 0.65. The business has a 50 day simple moving average of $45.37 and a 200-day simple moving average of $45.54.

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.