Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Trading Down 0.6% – What’s Next?

Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO)’s stock price traded down 0.6% during mid-day trading on Monday . The company traded as low as $40.58 and last traded at $40.80. 314,400 shares were traded during trading, a decline of 13% from the average session volume of 362,778 shares. The stock had previously closed at $41.05.

Amplify YieldShares CWP Dividend & Option Income ETF Trading Down 0.6%

The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 22.09 and a beta of 0.72. The stock has a 50-day moving average of $40.05 and a 200-day moving average of $41.05.

Amplify YieldShares CWP Dividend & Option Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were paid a $0.167 dividend. This is a boost from Amplify YieldShares CWP Dividend & Option Income ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Thursday, February 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Runnymede Capital Advisors Inc. acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF during the 4th quarter worth $52,000. Ameriflex Group Inc. bought a new stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF during the fourth quarter valued at about $64,000. Millstone Evans Group LLC bought a new stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF during the fourth quarter valued at about $135,000. Farther Finance Advisors LLC lifted its holdings in Amplify YieldShares CWP Dividend & Option Income ETF by 41.0% in the fourth quarter. Farther Finance Advisors LLC now owns 5,086 shares of the company’s stock worth $206,000 after purchasing an additional 1,480 shares during the period. Finally, Atlas Wealth LLC bought a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the 4th quarter valued at about $450,000.

Amplify YieldShares CWP Dividend & Option 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.