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

Shares of Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) reached a new 52-week high 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 Price Performance

The firm has a 50 day moving average of $41.23 and a two-hundred day moving average of $39.87. The stock has a market cap of $3.47 billion, a PE ratio of 15.30 and a beta of 0.55.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Plotkin Financial Advisors LLC purchased a new stake in Amplify YieldShares CWP Dividend & Option Income ETF in the third quarter valued at approximately $2,556,000. ORG Partners LLC purchased a new position in Amplify YieldShares CWP Dividend & Option Income ETF during the 2nd quarter worth $1,781,000. Janney Montgomery Scott LLC raised its holdings in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 3.2% in the third quarter. Janney Montgomery Scott LLC now owns 1,438,007 shares of the company’s stock valued at $59,232,000 after buying an additional 44,197 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF in the first quarter valued at about $823,000. Finally, Cary Street Partners Asset Management LLC boosted its stake in shares of 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 buying an additional 16,047 shares during the period.

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.