Merit Financial Group LLC Makes New Investment in Amplify CWP Enhanced Dividend Income ETF $DIVO

Merit Financial Group LLC bought a new position in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 402,391 shares of the company’s stock, valued at approximately $17,935,000. Merit Financial Group LLC owned about 0.33% of Amplify CWP Enhanced Dividend Income ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the second quarter worth approximately $49,000. Simplex Trading LLC raised its position in Amplify CWP Enhanced Dividend Income ETF by 934.6% in the 2nd quarter. Simplex Trading LLC now owns 1,345 shares of the company’s stock valued at $57,000 after purchasing an additional 1,215 shares during the last quarter. Optivise Advisory Services LLC acquired a new position in Amplify CWP Enhanced Dividend Income ETF in the third quarter worth $204,000. IHT Wealth Management LLC acquired a new position in Amplify CWP Enhanced Dividend Income ETF in the second quarter worth $206,000. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the second quarter valued at $217,000.

Amplify CWP Enhanced Dividend Income ETF Stock Up 0.1%

Shares of NYSEARCA DIVO opened at $46.59 on Tuesday. Amplify CWP Enhanced Dividend Income ETF has a 12-month low of $36.20 and a 12-month high of $47.30. The firm’s 50-day simple moving average is $45.73 and its 200 day simple moving average is $44.77. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were paid a dividend of $0.1826 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, January 29th.

Amplify CWP Enhanced Dividend Income ETF 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.