Summary
DIVO Chart
If Volatility Stays Low, Here's What Happens to DIVO's Monthly Income
Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) trades near $46, up 6.6% year to date and 15.4% over the past year.
DIVO: 3 Reasons This Covered Call Equity ETF Is A Buy
The Amplify CWP Enhanced Dividend Income ETF is one of my top equity income ETFs and one of the best-performing funds in its niche. DIVO invests in a small number of quality large-cap U.S. equities and writes covered calls on a portion of its holdings. The fund's strategy results in an above-average 4.7% distribution yield with solid growth, lower volatility than the equity market, and strong returns since inception.
Dividend Safety Check: DIVO and Active Covered Call Dividend Income
The Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) has built a loyal following among income investors because it pays monthly, holds recognizable blue-chip names, and supplements ordinary dividends with option premium.
Amplify CWP Enhanced Dividend Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 43,869 | $1.73M | $2.04M | $305,652.07 | 17.66% |
| CE Curtis Ellergodt Rothschild Investment LLC | 11,707 | $455,993.86 | $543,556.01 | $87,562.15 | 19.2% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 41,996 | $1.71M | $1.95M | $240,637.01 | 14.1% |
| RR rosemary richard WCG Wealth Advisors LLC | 11,572 | $514,990.05 | $536,188.62 | $21,198.57 | 4.12% |
| YA Yinka Akinsola Blue Trust Inc. | 2,652 | $118,889 | $122,946.72 | $4,057.72 | 3.41% |
Amplify CWP Enhanced Dividend Income ETF (DIVO) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Amplify CWP Enhanced Dividend Income ETF ever had a stock split?
Amplify CWP Enhanced Dividend Income ETF Profile
| ARCA Exchange | US Country |
Overview
The described fund primarily focuses on investing in dividend-paying U.S. exchange-traded equity securities, dedicating at least 80% of its net assets to such investments. Alongside this, the fund employs a strategic approach by opportunistically utilizing an option strategy, which includes writing (selling) U.S. exchange-traded covered call options on the equity securities it holds. This method aims to generate additional income or hedge against market volatility. It's important to note that this fund is categorized as non-diversified, meaning it may invest more heavily in fewer sectors or securities, potentially increasing its risk and volatility compared to diversified funds.
Products and Services
- Dividend-Paying U.S. Exchange-Traded Equity Securities
This refers to the core investment of the fund, targeting equity securities listed on U.S. exchanges that offer dividends. These investments aim to provide income through dividends as well as potential capital appreciation. By focusing on dividend-paying stocks, the fund seeks to attract investors interested in regular income generation alongside potential growth.
- Option Strategy: Writing Covered Call Options
As a part of its strategic operations, the fund engages in an option strategy that involves writing (or selling) covered call options on the U.S. exchange-traded equity securities it holds. This approach can generate additional income for the fund through option premiums received. It can also offer some level of protection against downside risk in stock prices. Covered calls involve selling the right to buy a security at a specified price within a certain period, which can cap the upside potential of the security involved but provide immediate income.
