The Amplify CWP Enhanced Dividend Income ETF (DIVO) Surpasses $100M in Assets
October 20 2020 - 7:26AM
Amplify ETFs is pleased to announce the Amplify CWP Enhanced
Dividend Income ETF (NYSE: DIVO) has surpassed $100 million in
assets under management. DIVO is an actively managed ETF comprised
of high-quality large-cap companies with a history of dividend
growth. The Fund also utilizes a tactical covered call strategy on
individual stocks, and is strategically designed to provide high
levels of total return on a risk-adjusted basis.
Capital Wealth Planning, LLC (CWP) is the portfolio manager and
sub-adviser for the Fund. DIVO seeks to provide current income as
its primary objective, and provide capital appreciation as its
secondary objective.
“Investors in need of current income are hard-pressed to find
viable solutions in today’s low-rate environment,” said Christian
Magoon, Founder and CEO of Amplify ETFs. “We believe DIVO’s
approach to combining high-quality dividend stocks with tactical
covered calls is a compelling strategy to address this
challenge.”
Kevin Simpson, founder and Chief Investment Officer of CWP,
said, “We’re pleased that investors continue to see the value in
our dividend-focused methodology, and look forward to continued
growth in DIVO.”
DIVO’s current distribution rate is 5.20%, and the 30-day SEC
yield is 1.68%. Distributions from the Fund are made on a monthly
basis. DIVO also has a 5-star overall and 3-year Morningstar™
rating based on risk-adjusted return among 109 funds in the
Options-based—US Fund category as of 9/30/20.
Click here for DIVO’s prospectus. Also, please visit DIVO’s
website for more information.
About Amplify ETFsAmplify ETFs, sponsored by
Amplify Investments LLC, has over $2.2 billion in assets across its
suite of ETFs (as of 10/19/20). Amplify ETFs deliver expanded
investment opportunities for growth, capital preservation, and
income-focused investors. https://amplifyetfs.com
About Capital Wealth PlanningCWP is an SEC
registered fee-only investment advisory firm based in Naples,
Florida. Building and managing proprietary income-oriented
portfolios since 2005, the company has approximately $2.2 billion
of assets under management. The firm’s methodologies are designed
to enhance risk-adjusted returns and offer portfolio protection
while delivering monthly cash flow. CWP was ranked by Financial
Advisor Magazine in 2018 as one of the top 50 fastest growing RIAs
in the country. Learn more about CWP at
www.capitalwealthplanning.com.
Contacts
Sales Contact:Amplify ETFs855-267-3837info@amplifyetfs.com
or
Media Contact:Gregory FCA for Amplify ETFsCaitlyn Foster,
610-228-2056amplifyetfs@gregoryfca.com
DIVO
Performance |
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Quarter End as of
9/30/20 |
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Cumulative (%) |
Annualized (%) |
|
1 Mo. |
3 Mo. |
6 Mo. |
YTD |
Since Inception (11/6/18) |
1 Yr. |
3 Yr. |
Since Inception (11/6/18) |
Fund NAV |
-0.69 |
% |
8.97 |
% |
25.64 |
% |
3.79 |
% |
50.69 |
% |
8.32 |
% |
11.15 |
% |
11.40 |
% |
Closing Price |
-0.88 |
% |
8.97 |
% |
26.81 |
% |
3.38 |
% |
50.99 |
% |
8.59 |
% |
11.23 |
% |
11.46 |
% |
S&P 500 TR Index |
-3.80 |
% |
8.93 |
% |
31.31 |
% |
5.57 |
% |
59.50 |
% |
15.15 |
% |
12.28 |
% |
13.08 |
% |
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The performance data quoted represents past performance.
Past performance does not guarantee future results. The investment
return and principal value of an investment will fluctuate so that
an investor's shares, when sold or redeemed, may be worth more or
less than their original cost and current performance may be lower
or higher than the performance quoted. Short-term performance, in
particular, is not a good indication of the fund’s future
performance, and an investment should not be made based solely on
returns. For performance data current to the most recent month-end
please visit DIVO’s
website or call 855-267-3837.
Brokerage commissions will reduce returns. The
Fund’s gross expense ratio is 0.96, and net
expense ratio of 0.49% with a
contractual agreement, until March 1,
2021, to reduce the Fund’s management fee by
0.47%. The net expense ratio is applicable to
investors.
The Fund’s investment objective and strategy differs
substantially from the market indices, which are included for
comparison purposes only.
The Standard & Poor's (S&P) 500 Total Return Index is an
unmanaged, market-capitalization-weighted index of the 500 largest
U.S. publicly traded companies by market value, and assumes
distributions are reinvested back into the index. It does not
include fees or expenses. It is not possible to invest directly in
an index. The S&P 500 is a registered trademark of Standard
& Poor’s Financial Services LLC, a subsidiary of The
McGraw-Hill Companies, Inc.
A covered call refers to a financial transaction in which the
investor selling call options owns an equivalent amount of the
underlying security.
Carefully consider the Fund’s investment objectives,
risk factors, charges and expenses before investing. This and
additional information can be found in the Funds’ statutory and
summary prospectus, which may be obtained by calling 855-267-3837
or by visiting AmplifyETFs.com.
Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the Fund. Covered call risk is the risk
that the Fund will forgo, during the option's life, the opportunity
to profit from increases in the market value of the security
covering the call option above the sum of the premium and the
strike price of the call, but has retained the risk of loss should
the price of the underlying security decline. For additional risk
disclosure, please visit the DIVO website here.
© 2020 Morningstar, Inc. All rights reserved. The information
contained herein: (1) is proprietary to Morningstar and/or its
content providers; (2) may not be copied or distributed; and (3) is
not warranted to be accurate, complete, or timely. Neither
Morningstar nor its content providers are responsible for any
damages or losses arising from any use of this information.
Past performance is no guarantee of future
results.
The Morningstar Rating™ for funds, or “star rating”, is
calculated for managed products (including mutual funds, variable
annuity and variable life subaccounts, ETFs, closed-end funds, and
separate accounts) with at least a three-year history. ETFs and
open-ended mutual funds are considered a single population for
comparative purposes. It is calculated based on a Morningstar
Risk-Adjusted Return measure that accounts for variation in a
managed product’s monthly excess performance, placing more emphasis
on downward variations and rewarding consistent performance. The
Morningstar Rating does not include any adjustment for sales loads.
The Amplify Online Retail ETF (IBUY) Fund received 5 stars among
109 Options-based funds for the three-year period ending
9/30/20.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
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