Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Hits New 52-Week High – Here’s What Happened

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s share price hit a new 52-week high on Friday . The company traded as high as $43.47 and last traded at $43.30, with a volume of 927 shares. The stock had previously closed at $43.33.

Amplify CWP Enhanced Dividend Income ETF Trading Down 0.2%

The stock has a market capitalization of $4.77 billion, a PE ratio of 22.46 and a beta of 0.77. The business’s 50-day moving average is $42.55 and its two-hundred day moving average is $41.39.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 56.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,092,562 shares of the company’s stock valued at $89,038,000 after buying an additional 754,179 shares during the period. Hibernia Wealth Partners LLC grew its position in Amplify CWP Enhanced Dividend Income ETF by 103.8% in the second quarter. Hibernia Wealth Partners LLC now owns 830,912 shares of the company’s stock valued at $35,355,000 after acquiring an additional 423,114 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at approximately $12,364,000. Vise Technologies Inc. purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the second quarter valued at approximately $8,599,000. Finally, ForthRight Wealth Management LLC lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 110.5% during the second quarter. ForthRight Wealth Management LLC now owns 301,714 shares of the company’s stock worth $12,838,000 after purchasing an additional 158,405 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.