Amplify CWP Enhanced Dividend Income ETF $DIVO Shares Sold by Phoenix Wealth Advisors

Phoenix Wealth Advisors cut its position in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,203 shares of the company’s stock after selling 2,858 shares during the quarter. Amplify CWP Enhanced Dividend Income ETF accounts for about 3.4% of Phoenix Wealth Advisors’ holdings, making the stock its 7th biggest holding. Phoenix Wealth Advisors’ holdings in Amplify CWP Enhanced Dividend Income ETF were worth $8,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 4.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,716,198 shares of the company’s stock valued at $116,824,000 after buying an additional 126,125 shares during the period. Retirement Planning Group LLC boosted its position in Amplify CWP Enhanced Dividend Income ETF by 1.7% during the 2nd quarter. Retirement Planning Group LLC now owns 2,704,229 shares of the company’s stock worth $115,065,000 after buying an additional 44,013 shares during the period. Envestnet Asset Management Inc. boosted its position in Amplify CWP Enhanced Dividend Income ETF by 56.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,092,562 shares of the company’s stock worth $89,038,000 after buying an additional 754,179 shares during the period. Janney Montgomery Scott LLC grew its holdings in Amplify CWP Enhanced Dividend Income ETF by 5.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,691,925 shares of the company’s stock worth $71,991,000 after acquiring an additional 80,853 shares during the last quarter. Finally, Truist Financial Corp increased its position in Amplify CWP Enhanced Dividend Income ETF by 15.0% in the 2nd quarter. Truist Financial Corp now owns 1,149,013 shares of the company’s stock valued at $48,890,000 after acquiring an additional 149,465 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

DIVO stock opened at $45.16 on Friday. The company has a market capitalization of $5.46 billion, a P/E ratio of 22.46 and a beta of 0.72. The company has a fifty day moving average price of $44.48 and a 200-day moving average price of $42.98. Amplify CWP Enhanced Dividend Income ETF has a 52-week low of $36.20 and a 52-week high of $45.78.

About Amplify CWP Enhanced Dividend 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.