Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Shares Break Above Fifty Day Moving Average – Here’s Why

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO)’s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $47.73 and traded as high as $47.90. Amplify CWP Enhanced Dividend Income ETF shares last traded at $47.76, with a volume of 587,517 shares trading hands.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

The stock has a fifty day moving average of $47.73 and a 200-day moving average of $46.46. The company has a market cap of $8.02 billion, a PE ratio of 22.46 and a beta of 0.65.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

Large investors have recently modified their holdings of the business. Retirement Planning Group LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 3rd quarter worth $166,636,000. Financial Designs Corp bought a new stake in Amplify CWP Enhanced Dividend Income ETF during the third quarter valued at about $14,371,000. Envestnet Asset Management Inc. grew its stake in Amplify CWP Enhanced Dividend Income ETF by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 3,635,616 shares of the company’s stock valued at $166,148,000 after purchasing an additional 295,894 shares during the last quarter. FSA Wealth Partners Inc. purchased a new position in Amplify CWP Enhanced Dividend Income ETF in the third quarter valued at about $9,688,000. Finally, Foguth Wealth Management LLC. grew its stake in Amplify CWP Enhanced Dividend Income ETF by 121.7% in the first quarter. Foguth Wealth Management LLC. now owns 262,887 shares of the company’s stock valued at $12,156,000 after purchasing an additional 144,305 shares during the last quarter.

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.