NewCorp Financial Services Inc. Makes New Investment in Amplify CWP Enhanced Dividend Income ETF $DIVO

NewCorp Financial Services Inc. purchased a new position in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 11,489 shares of the company’s stock, valued at approximately $511,000. Amplify CWP Enhanced Dividend Income ETF comprises approximately 0.5% of NewCorp Financial Services Inc.’s holdings, making the stock its 29th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its holdings 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 acquiring an additional 401,802 shares in the last quarter. Retirement Planning Group LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 4.4% in the fourth quarter. Retirement Planning Group LLC now owns 2,893,478 shares of the company’s stock worth $128,760,000 after acquiring an additional 123,069 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings 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 acquiring an additional 19,248 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 acquiring an additional 219,002 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 6.7% in the fourth quarter. HighTower Advisors LLC now owns 2,136,241 shares of the company’s stock worth $95,063,000 after acquiring an additional 135,065 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of NYSEARCA DIVO opened at $46.24 on Monday. The company has a market cap of $7.03 billion, a PE ratio of 22.46 and a beta of 0.65. The business has a 50-day simple moving average of $45.45 and a two-hundred day simple moving average of $45.61. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $40.85 and a fifty-two week 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.