54,940 Shares in Amplify CWP Enhanced Dividend Income ETF $DIVO Bought by Savvy Advisors Inc.

Savvy Advisors Inc. purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,940 shares of the company’s stock, valued at approximately $2,445,000.

A number of other hedge funds also recently bought and sold shares of DIVO. Merit Financial Group LLC purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the 3rd quarter valued at about $17,935,000. Raymond James Financial Inc. increased its stake 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 buying an additional 401,802 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Amplify CWP Enhanced Dividend Income ETF by 1,042.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 420,519 shares of the company’s stock valued at $18,742,000 after acquiring an additional 383,719 shares in the last quarter. Clear Trail Advisors LLC acquired a new stake in Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at approximately $16,392,000. Finally, Marshall Financial Group LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF in the third quarter worth approximately $16,170,000.

Amplify CWP Enhanced Dividend Income ETF Price Performance

NYSEARCA DIVO opened at $45.00 on Monday. Amplify CWP Enhanced Dividend Income ETF has a 52 week low of $36.20 and a 52 week high of $47.30. The firm has a 50 day moving average of $45.87 and a two-hundred day moving average of $45.31. The stock has a market capitalization of $6.63 billion, a PE ratio of 22.46 and a beta of 0.72.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.1863 per share. This is an increase from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 5.0%.

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.