Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) Stock Price Down 1.5% – Should You Sell?

Shares of Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) traded down 1.5% during trading on Thursday . The company traded as low as $29.10 and last traded at $29.28. 445,476 shares were traded during trading, an increase of 157% from the average session volume of 173,428 shares. The stock had previously closed at $29.72.

Amplify CWP Growth & Income ETF Price Performance

The company has a market capitalization of $399.67 million, a P/E ratio of 35.30 and a beta of 1.03. The company has a fifty day moving average price of $29.30 and a two-hundred day moving average price of $27.96.

Institutional Investors Weigh In On Amplify CWP Growth & Income ETF

A number of institutional investors have recently added to or reduced their stakes in QDVO. Janney Montgomery Scott LLC bought a new position in shares of Amplify CWP Growth & Income ETF during the second quarter valued at $221,000. Onyx Bridge Wealth Group LLC increased its holdings in Amplify CWP Growth & Income ETF by 4.0% in the second quarter. Onyx Bridge Wealth Group LLC now owns 11,534 shares of the company’s stock valued at $318,000 after purchasing an additional 448 shares during the period. Souders Financial Advisors bought a new position in Amplify CWP Growth & Income ETF during the 3rd quarter worth $368,000. Merit Financial Group LLC acquired a new position in Amplify CWP Growth & Income ETF during the 3rd quarter worth about $17,505,000. Finally, Visionary Wealth Advisors grew its position in shares of Amplify CWP Growth & Income ETF by 38.1% in the 2nd quarter. Visionary Wealth Advisors now owns 82,392 shares of the company’s stock valued at $2,274,000 after buying an additional 22,736 shares during the last quarter.

Amplify CWP Growth & Income ETF Company Profile

The Amplify CWP Growth & Income ETF (QDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund holds long exposure to the Russell 1000 Growth Index and writes exchange-traded call options on them. The fund offers a balanced approach to growth and income by actively managing a narrow portfolio of large-cap US equities with strong growth potential.