Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) Sees Large Volume Increase – Should You Buy?

Shares of Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) saw an uptick in trading volume on Wednesday . 202,677 shares changed hands during trading, an increase of 88% from the previous session’s volume of 107,721 shares.The stock last traded at $38.41 and had previously closed at $38.51.

Amplify CWP International Enhanced Dividend Income ETF Price Performance

The firm has a market cap of $506.31 million, a P/E ratio of 16.90 and a beta of 0.74. The firm’s 50-day moving average price is $37.97 and its 200 day moving average price is $36.34.

Hedge Funds Weigh In On Amplify CWP International Enhanced Dividend Income ETF

A number of hedge funds have recently added to or reduced their stakes in IDVO. Janney Montgomery Scott LLC boosted its holdings in shares of Amplify CWP International Enhanced Dividend Income ETF by 6.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 652,770 shares of the company’s stock valued at $22,429,000 after buying an additional 37,231 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Amplify CWP International Enhanced Dividend Income ETF in the 2nd quarter worth approximately $581,000. EverSource Wealth Advisors LLC boosted its position in Amplify CWP International Enhanced Dividend Income ETF by 27.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 53,602 shares of the company’s stock valued at $1,842,000 after purchasing an additional 11,597 shares during the period. Pinnacle Bancorp Inc. bought a new position in Amplify CWP International Enhanced Dividend Income ETF during the 3rd quarter worth $128,000. Finally, West Michigan Advisors LLC increased its position in Amplify CWP International Enhanced Dividend Income ETF by 7.5% in the second quarter. West Michigan Advisors LLC now owns 19,279 shares of the company’s stock worth $662,000 after buying an additional 1,344 shares during the period.

About Amplify CWP International Enhanced Dividend Income ETF

The Amplify International Enhanced Dividend Income ETF (IDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that provides current income and capital appreciation by selecting dividend-paying ADRs of stocks from the MSCI ACWI ex USA Index, overlaid with a tactical call writing strategy. IDVO was launched on Sep 8, 2022 and is managed by Amplify.