Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Reaches New 12-Month High – What’s Next?

Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $41.35 and last traded at $41.34, with a volume of 233441 shares. The stock had previously closed at $40.83.

Amplify YieldShares CWP Dividend & Option Income ETF Trading Up 1.2 %

The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.30 and a beta of 0.55. The firm’s 50 day moving average price is $40.07 and its two-hundred day moving average price is $39.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vantage Financial Partners LLC grew its stake in Amplify YieldShares CWP Dividend & Option Income ETF by 2.3% in the 2nd quarter. Vantage Financial Partners LLC now owns 324,191 shares of the company’s stock valued at $12,546,000 after buying an additional 7,406 shares during the last quarter. Rothschild Investment LLC acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the 2nd quarter valued at about $465,000. Busey Bank acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the 2nd quarter valued at about $226,000. ORG Partners LLC acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the 2nd quarter valued at about $1,781,000. Finally, Webster Bank N. A. grew its stake in Amplify YieldShares CWP Dividend & Option Income ETF by 9.4% in the 2nd quarter. Webster Bank N. A. now owns 7,659 shares of the company’s stock valued at $296,000 after buying an additional 659 shares during the last quarter.

About Amplify YieldShares CWP Dividend & Option 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.