Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Reaches New 52-Week High – Here’s Why

Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) hit a new 52-week high during trading on Friday . The stock traded as high as $42.29 and last traded at $42.29, with a volume of 75486 shares traded. The stock had previously closed at $41.97.

Amplify YieldShares CWP Dividend & Option Income ETF Stock Performance

The company’s 50-day moving average price is $41.27 and its 200 day moving average price is $39.90. The stock has a market capitalization of $3.48 billion, a PE ratio of 15.30 and a beta of 0.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Plotkin Financial Advisors LLC bought a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the third quarter worth $2,556,000. Private Trust Co. NA increased its stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 170.7% in the 3rd quarter. Private Trust Co. NA now owns 12,981 shares of the company’s stock worth $535,000 after acquiring an additional 8,185 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 5.7% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 103,669 shares of the company’s stock worth $4,270,000 after acquiring an additional 5,622 shares in the last quarter. United Advisor Group LLC lifted its position in Amplify YieldShares CWP Dividend & Option Income ETF by 90.6% during the 3rd quarter. United Advisor Group LLC now owns 13,978 shares of the company’s stock valued at $576,000 after acquiring an additional 6,643 shares during the period. Finally, Cary Street Partners Asset Management LLC boosted its stake in Amplify YieldShares CWP Dividend & Option Income ETF by 6.3% during the third quarter. Cary Street Partners Asset Management LLC now owns 270,185 shares of the company’s stock worth $11,129,000 after acquiring an additional 16,047 shares in the last quarter.

Amplify YieldShares CWP Dividend & Option Income ETF Company Profile

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.