Northwestern Mutual Wealth Management Co. Buys 74,104 Shares of Amplify CWP Enhanced Dividend Income ETF $DIVO

Northwestern Mutual Wealth Management Co. grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 32.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 300,171 shares of the company’s stock after acquiring an additional 74,104 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $13,358,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DIVO. Sequoia Financial Advisors LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter valued at approximately $33,547,000. Merit Financial Group LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the third quarter valued at approximately $17,935,000. Raymond James Financial Inc. increased its holdings in Amplify CWP Enhanced Dividend Income ETF by 2.8% during the third quarter. Raymond James Financial Inc. now owns 14,813,665 shares of the company’s stock valued at $660,245,000 after buying an additional 401,802 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Amplify CWP Enhanced Dividend Income ETF by 1,042.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 420,519 shares of the company’s stock valued at $18,742,000 after buying an additional 383,719 shares during the period. Finally, Clear Trail Advisors LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter valued at approximately $16,392,000.

Amplify CWP Enhanced Dividend Income ETF Stock Down 0.4%

Shares of DIVO stock opened at $46.06 on Tuesday. The company’s 50 day moving average is $45.48 and its 200 day moving average is $45.61. Amplify CWP Enhanced Dividend Income ETF has a 52-week low of $41.01 and a 52-week high of $47.30. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65.

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.