Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) Reaches New 12-Month High – Here’s Why

Shares of Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.44 and last traded at $30.41, with a volume of 133933 shares. The stock had previously closed at $30.39.

Amplify CWP Growth & Income ETF Price Performance

The firm has a market cap of $689.63 million, a price-to-earnings ratio of 35.30 and a beta of 1.01. The business has a fifty day simple moving average of $28.04 and a 200 day simple moving average of $28.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its stake in Amplify CWP Growth & Income ETF by 822.2% during the 3rd quarter. Raymond James Financial Inc. now owns 644,420 shares of the company’s stock worth $18,714,000 after purchasing an additional 574,541 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Amplify CWP Growth & Income ETF by 3.3% in the fourth quarter. Merit Financial Group LLC now owns 622,854 shares of the company’s stock valued at $18,075,000 after buying an additional 20,052 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Amplify CWP Growth & Income ETF by 20.0% in the fourth quarter. Royal Bank of Canada now owns 317,566 shares of the company’s stock worth $9,216,000 after buying an additional 52,931 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Amplify CWP Growth & Income ETF by 17.4% in the fourth quarter. LPL Financial LLC now owns 243,983 shares of the company’s stock worth $7,080,000 after buying an additional 36,241 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its position in Amplify CWP Growth & Income ETF by 15.9% during the fourth quarter. Visionary Wealth Advisors now owns 113,043 shares of the company’s stock worth $3,280,000 after acquiring an additional 15,521 shares during the last quarter.

About Amplify CWP Growth & Income ETF

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. QDVO was launched on Aug 22, 2024 and is issued by Amplify Investments.