602,802 Shares in Amplify CWP Growth & Income ETF $QDVO Purchased by Merit Financial Group LLC

Merit Financial Group LLC purchased a new position in shares of Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 602,802 shares of the company’s stock, valued at approximately $17,505,000. Merit Financial Group LLC owned about 4.42% of Amplify CWP Growth & Income ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Visionary Wealth Advisors raised its position in Amplify CWP Growth & Income ETF by 38.1% during the second quarter. Visionary Wealth Advisors now owns 82,392 shares of the company’s stock worth $2,274,000 after acquiring an additional 22,736 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Amplify CWP Growth & Income ETF in the 2nd quarter valued at about $1,929,000. Steward Partners Investment Advisory LLC bought a new position in Amplify CWP Growth & Income ETF during the second quarter worth about $78,000. Bank of Montreal Can acquired a new position in Amplify CWP Growth & Income ETF during the second quarter worth approximately $932,000. Finally, Onyx Bridge Wealth Group LLC increased its position in Amplify CWP Growth & Income ETF by 4.0% during the second quarter. Onyx Bridge Wealth Group LLC now owns 11,534 shares of the company’s stock worth $318,000 after buying an additional 448 shares during the last quarter.

Amplify CWP Growth & Income ETF Stock Down 0.4%

NYSEARCA:QDVO opened at $28.02 on Tuesday. Amplify CWP Growth & Income ETF has a 12-month low of $21.60 and a 12-month high of $30.40. The firm has a market capitalization of $582.82 million, a price-to-earnings ratio of 35.30 and a beta of 1.03. The stock’s 50 day moving average price is $29.00 and its two-hundred day moving average price is $29.04.

Amplify CWP Growth & Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a dividend of $0.2446 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) annualized dividend and a yield of 10.5%.

About Amplify CWP Growth & Income ETF

The Amplify CWP Growth & Income ETF (QDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund holds long exposure to the Russell 1000 Growth Index and writes exchange-traded call options on them. The fund offers a balanced approach to growth and income by actively managing a narrow portfolio of large-cap US equities with strong growth potential. QDVO was launched on Aug 22, 2024 and is issued by Amplify Investments.