Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Trading 0.4% Higher – Time to Buy?

Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) shares shot up 0.4% during mid-day trading on Monday . The stock traded as high as $40.87 and last traded at $40.84. 342,522 shares were traded during mid-day trading, an increase of 27% from the average session volume of 268,669 shares. The stock had previously closed at $40.66.

Amplify YieldShares CWP Dividend & Option Income ETF Stock Performance

The company has a market cap of $3.36 billion, a price-to-earnings ratio of 15.30 and a beta of 0.55. The business has a fifty day moving average price of $41.65 and a 200 day moving average price of $40.40.

Institutional Investors Weigh In On Amplify YieldShares CWP Dividend & Option Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in DIVO. Plotkin Financial Advisors LLC acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the 3rd quarter worth about $2,556,000. Janney Montgomery Scott LLC lifted its holdings in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 3.2% during the third quarter. Janney Montgomery Scott LLC now owns 1,438,007 shares of the company’s stock worth $59,232,000 after purchasing an additional 44,197 shares during the period. Cary Street Partners Asset Management LLC grew its stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 6.3% in the third quarter. Cary Street Partners Asset Management LLC now owns 270,185 shares of the company’s stock worth $11,129,000 after purchasing an additional 16,047 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Amplify YieldShares CWP Dividend & Option Income ETF in the second quarter valued at $465,000. Finally, Private Trust Co. NA raised its position in Amplify YieldShares CWP Dividend & Option Income ETF by 170.7% during the 3rd quarter. Private Trust Co. NA now owns 12,981 shares of the company’s stock worth $535,000 after purchasing an additional 8,185 shares during 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.