UBS Group AG Cuts Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

UBS Group AG cut its stake in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 5.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,510,329 shares of the company’s stock after selling 79,887 shares during the quarter. UBS Group AG’s holdings in Amplify CWP Enhanced Dividend Income ETF were worth $67,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIVO. Raymond James Financial Inc. boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 2.8% in 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 in the last quarter. Retirement Planning Group LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 2.4% in the third quarter. Retirement Planning Group LLC now owns 2,770,409 shares of the company’s stock worth $123,477,000 after buying an additional 66,180 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,743,905 shares of the company’s stock worth $124,439,000 after buying an additional 19,248 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 10.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,311,564 shares of the company’s stock worth $103,026,000 after buying an additional 219,002 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 5.4% in the third quarter. HighTower Advisors LLC now owns 2,001,176 shares of the company’s stock worth $89,192,000 after buying an additional 102,832 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

Shares of DIVO opened at $45.16 on Tuesday. The firm has a market cap of $6.86 billion, a P/E ratio of 22.46 and a beta of 0.65. The stock has a 50 day simple moving average of $45.59 and a two-hundred day simple moving average of $45.49. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $40.12 and a 1 year high of $47.30.

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.