Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sets New 12-Month High – Here’s Why

Shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.45 and last traded at $47.35, with a volume of 43318 shares traded. The stock had previously closed at $47.09.

Amplify CWP Enhanced Dividend Income ETF Trading Up 0.8%

The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65. The business has a 50 day simple moving average of $46.27 and a 200-day simple moving average of $45.93.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Simplex Trading LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth approximately $26,000. Optima Capital LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter valued at $27,000. Financial Consulate Inc. purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter valued at $28,000. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth $30,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth $53,000.

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.