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 stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.06 and last traded at $46.0850, with a volume of 141426 shares. The stock had previously closed at $45.95.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

The firm has a 50-day moving average price of $45.18 and a two-hundred day moving average price of $43.89. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72.

Institutional Trading of Amplify CWP Enhanced Dividend Income ETF

Several institutional investors have recently modified their holdings of DIVO. Envestnet Asset Management Inc. raised its stake in 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 worth $89,038,000 after acquiring an additional 754,179 shares in the last quarter. Hibernia Wealth Partners LLC boosted its stake 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. Merit Financial Group LLC purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the third quarter worth about $17,935,000. Raymond James Financial Inc. increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 2.8% during the third quarter. Raymond James Financial Inc. now owns 14,813,665 shares of the company’s stock worth $660,245,000 after purchasing an additional 401,802 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 1,042.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 420,519 shares of the company’s stock valued at $18,742,000 after purchasing an additional 383,719 shares during the last quarter.

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.