Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Reaches New 1-Year High – Still a Buy?

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

Amplify YieldShares CWP Dividend & Option Income ETF Stock Up 0.9 %

The firm has a market capitalization of $3.48 billion, a P/E ratio of 15.30 and a beta of 0.55. The company has a fifty day simple moving average of $41.27 and a 200 day simple moving average of $39.90.

Hedge Funds Weigh In On Amplify YieldShares CWP Dividend & Option Income ETF

A number of hedge funds have recently bought and sold shares of the company. Kingswood Wealth Advisors LLC bought a new stake in Amplify YieldShares CWP Dividend & Option Income ETF during the 2nd quarter valued at about $213,000. Busey Bank purchased a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the 2nd quarter worth approximately $226,000. Webster Bank N. A. raised its holdings 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 worth $296,000 after acquiring an additional 659 shares during the last quarter. Rothschild Investment LLC bought a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the 2nd quarter valued at approximately $465,000. Finally, Private Trust Co. NA boosted its stake 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 valued at $535,000 after purchasing an additional 8,185 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.