Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Sets New 1-Year Low – Time to Sell?

Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) shares reached a new 52-week low on Monday . The company traded as low as $36.20 and last traded at $36.30, with a volume of 293235 shares changing hands. The stock had previously closed at $37.70.

Amplify YieldShares CWP Dividend & Option Income ETF Stock Performance

The firm has a market cap of $3.94 billion, a P/E ratio of 23.90 and a beta of 0.74. The company’s 50 day moving average is $41.10 and its 200 day moving average is $41.31.

Amplify YieldShares CWP Dividend & Option Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.167 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Amplify YieldShares CWP Dividend & Option Income ETF’s previous dividend of $0.16.

Institutional Trading of Amplify YieldShares CWP Dividend & Option Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. bought a new position in shares of Amplify YieldShares CWP Dividend & Option Income ETF in the 4th quarter worth about $52,000. Ameriflex Group Inc. bought a new stake in Amplify YieldShares CWP Dividend & Option Income ETF in the fourth quarter valued at $64,000. Millstone Evans Group LLC acquired a new position in shares of Amplify YieldShares CWP Dividend & Option Income ETF during the fourth quarter valued at about $135,000. Farther Finance Advisors LLC boosted its position in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 41.0% during the 4th quarter. Farther Finance Advisors LLC now owns 5,086 shares of the company’s stock worth $206,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Rosenberg Matthew Hamilton bought a new stake in Amplify YieldShares CWP Dividend & Option Income ETF in the 4th quarter valued at about $330,000.

About Amplify YieldShares CWP Dividend & Option 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.