Midwest Trust Co Invests $2 Million in Amplify CWP Enhanced Dividend Income ETF $DIVO

Midwest Trust Co acquired a new position in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 44,909 shares of the company’s stock, valued at approximately $2,002,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DIVO. Parkside Financial Bank & Trust purchased a new position in Amplify CWP Enhanced Dividend Income ETF in the second quarter worth $49,000. Simplex Trading LLC raised its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 934.6% during the 2nd quarter. Simplex Trading LLC now owns 1,345 shares of the company’s stock worth $57,000 after purchasing an additional 1,215 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 127.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the company’s stock worth $61,000 after buying an additional 772 shares during the last quarter. Root Financial Partners LLC bought a new position in Amplify CWP Enhanced Dividend Income ETF during the third quarter valued at about $63,000. Finally, AE Wealth Management LLC grew its position in 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 valued at $121,000 after buying an additional 358 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

NYSEARCA DIVO opened at $46.99 on Thursday. The company has a market capitalization of $6.38 billion, a PE ratio of 22.46 and a beta of 0.72. Amplify CWP Enhanced Dividend Income ETF has a 52-week low of $36.20 and a 52-week high of $47.30. The company has a 50-day simple moving average of $45.66 and a 200 day simple moving average of $44.68.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were issued a $0.1826 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) annualized dividend and a yield of 4.7%.

Amplify CWP Enhanced Dividend Income ETF 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.