Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) Shares Down 2.4% – Time to Sell?

Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO)’s share price traded down 2.4% on Friday . The stock traded as low as $38.70 and last traded at $39.00. 404,951 shares changed hands during trading, a decline of 16% from the average session volume of 479,970 shares. The stock had previously closed at $39.94.

Amplify CWP International Enhanced Dividend Income ETF Price Performance

The stock has a 50-day moving average price of $41.83 and a 200-day moving average price of $39.13. The firm has a market capitalization of $808.47 million, a PE ratio of 16.90 and a beta of 0.74.

Amplify CWP International Enhanced Dividend Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.2171 per share. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a yield of 6.7%. This is a boost from Amplify CWP International Enhanced Dividend Income ETF’s previous monthly dividend of $0.22.

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

A number of institutional investors have recently made changes to their positions in IDVO. Pinnacle Bancorp Inc. acquired a new stake in shares of Amplify CWP International Enhanced Dividend Income ETF during the third quarter worth approximately $128,000. Arkadios Wealth Advisors acquired a new stake in Amplify CWP International Enhanced Dividend Income ETF in the fourth quarter valued at $229,000. Farther Finance Advisors LLC raised its holdings in Amplify CWP International Enhanced Dividend Income ETF by 31.4% in the third quarter. Farther Finance Advisors LLC now owns 22,231 shares of the company’s stock valued at $829,000 after acquiring an additional 5,310 shares in the last quarter. West Michigan Advisors LLC boosted its stake in Amplify CWP International Enhanced Dividend Income ETF by 13.9% during the 4th quarter. West Michigan Advisors LLC now owns 23,433 shares of the company’s stock valued at $899,000 after acquiring an additional 2,855 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 11,597 shares during the last quarter.

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.