PFG Advisors Cuts Position in Amplify CWP Enhanced Dividend Income ETF $DIVO

PFG Advisors reduced its position in shares of Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,849 shares of the company’s stock after selling 2,983 shares during the period. PFG Advisors owned about 0.06% of Amplify CWP Enhanced Dividend Income ETF worth $2,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. ORG Partners LLC acquired a new position in Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter worth about $25,000. Parkside Financial Bank & Trust purchased a new stake in Amplify CWP Enhanced Dividend Income ETF during the second quarter worth about $49,000. Simplex Trading LLC lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 934.6% during the second quarter. Simplex Trading LLC now owns 1,345 shares of the company’s stock worth $57,000 after purchasing an additional 1,215 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the second quarter worth about $117,000. Finally, Fifth Third Bancorp purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the second quarter valued at approximately $193,000.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of DIVO stock opened at $44.87 on Monday. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $36.20 and a fifty-two week high of $45.62. The company has a 50 day moving average price of $44.34 and a 200 day moving average price of $42.86. The stock has a market capitalization of $5.42 billion, a P/E ratio of 22.46 and a beta of 0.72.

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.