Capital Investment Advisory Services LLC Increases Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

Capital Investment Advisory Services LLC raised its position in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,938 shares of the company’s stock after purchasing an additional 14,738 shares during the quarter. Amplify CWP Enhanced Dividend Income ETF accounts for approximately 0.7% of Capital Investment Advisory Services LLC’s portfolio, making the stock its 28th largest position. Capital Investment Advisory Services LLC owned about 0.17% of Amplify CWP Enhanced Dividend Income ETF worth $10,321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at approximately $53,000. Geneos Wealth Management Inc. increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 127.8% during the third quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the company’s stock worth $61,000 after acquiring an additional 772 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the third quarter worth $63,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth $90,000. Finally, AE Wealth Management LLC increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 15.3% during the third quarter. AE Wealth Management LLC now owns 2,704 shares of the company’s stock worth $121,000 after acquiring an additional 358 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Trading Up 1.8%

Amplify CWP Enhanced Dividend Income ETF stock opened at $45.77 on Thursday. Amplify CWP Enhanced Dividend Income ETF has a twelve month low of $36.84 and a twelve month high of $47.30. The stock’s fifty day simple moving average is $45.85 and its 200-day simple moving average is $45.33. The firm has a market capitalization of $6.77 billion, a P/E ratio of 22.46 and a beta of 0.71.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The business 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. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, February 26th.

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.