Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Reaches New 52-Week High – Time to Buy?

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.79 and last traded at $45.7250, with a volume of 157326 shares changing hands. The stock had previously closed at $45.58.

Amplify CWP Enhanced Dividend Income ETF Price Performance

The stock has a market capitalization of $5.53 billion, a P/E ratio of 22.46 and a beta of 0.72. The stock’s 50-day simple moving average is $44.41 and its 200 day simple moving average is $42.94.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of institutional investors have recently made changes to their positions in the company. Sachetta LLC grew its position in Amplify CWP Enhanced Dividend Income ETF by 1.2% during the second quarter. Sachetta LLC now owns 20,240 shares of the company’s stock worth $861,000 after buying an additional 236 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 4.9% during the 2nd quarter. Bank of Montreal Can now owns 5,454 shares of the company’s stock valued at $232,000 after acquiring an additional 256 shares during the period. Joseph P. Lucia & Associates LLC grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 2.4% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 11,380 shares of the company’s stock worth $484,000 after purchasing an additional 263 shares in the last quarter. PFG Investments LLC increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 2.6% in the third quarter. PFG Investments LLC now owns 10,579 shares of the company’s stock worth $472,000 after purchasing an additional 268 shares during the period. Finally, Asset Allocation Strategies LLC raised its stake in Amplify CWP Enhanced Dividend Income ETF by 5.2% in the second quarter. Asset Allocation Strategies LLC now owns 5,826 shares of the company’s stock valued at $248,000 after purchasing an additional 286 shares in the last quarter.

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.