Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Reaches New 52-Week High – What’s Next?

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $48.26 and last traded at $48.25, with a volume of 70408 shares trading hands. The stock had previously closed at $48.16.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

The firm has a market capitalization of $7.84 billion, a PE ratio of 22.46 and a beta of 0.64. The company’s fifty day moving average price is $46.54 and its two-hundred day moving average price is $46.06.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of large investors have recently bought and sold shares of the stock. Investors Research Corp boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 2.8% in the 2nd quarter. Investors Research Corp now owns 203,662 shares of the company’s stock valued at $9,307,000 after purchasing an additional 5,462 shares during the last quarter. Financial Designs Corp raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 1.5% in the 2nd quarter. Financial Designs Corp now owns 305,384 shares of the company’s stock worth $13,956,000 after buying an additional 4,500 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 6.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 135,377 shares of the company’s stock worth $6,187,000 after buying an additional 8,682 shares during the period. Baron Financial Group LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 1.4% in the second quarter. Baron Financial Group LLC now owns 107,039 shares of the company’s stock valued at $4,892,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Roan Capital Partners acquired a new position in Amplify CWP Enhanced Dividend Income ETF in the second quarter valued at $3,727,000.

Amplify CWP Enhanced Dividend Income ETF Company 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.