Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) Sees Strong Trading Volume – Time to Buy?

Shares of Amplify YieldShares CWP Dividend & Option Income ETF (NYSEARCA:DIVO) saw unusually-high trading volume on Thursday . Approximately 502,535 shares changed hands during trading, an increase of 61% from the previous session’s volume of 312,643 shares.The stock last traded at $41.16 and had previously closed at $41.21.

Amplify YieldShares CWP Dividend & Option Income ETF Price Performance

The stock has a market capitalization of $3.94 billion, a P/E ratio of 23.67 and a beta of 0.75. The stock’s fifty day moving average is $41.60 and its 200-day moving average is $41.39.

Amplify YieldShares CWP Dividend & Option Income ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 28th will be given a $0.1647 dividend. The ex-dividend date is Friday, March 28th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Runnymede Capital Advisors Inc. acquired a new position in shares of Amplify YieldShares CWP Dividend & Option Income ETF in the 4th quarter valued at $52,000. Ameriflex Group Inc. acquired a new position in Amplify YieldShares CWP Dividend & Option Income ETF in the fourth quarter valued at about $64,000. Millstone Evans Group LLC bought a new position in Amplify YieldShares CWP Dividend & Option Income ETF during the fourth quarter worth about $135,000. Farther Finance Advisors LLC grew its position in shares of Amplify YieldShares CWP Dividend & Option Income ETF by 41.0% during the 4th quarter. Farther Finance Advisors LLC now owns 5,086 shares of the company’s stock worth $206,000 after buying an additional 1,480 shares during the period. Finally, Rosenberg Matthew Hamilton bought a new stake in shares of Amplify YieldShares CWP Dividend & Option Income ETF in the 4th quarter valued at about $330,000.

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.