Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) Trading Down 1.5% – Here’s What Happened

Amplify CWP Growth & Income ETF (NYSEARCA:QDVO)’s stock price fell 1.5% on Thursday . The company traded as low as $29.10 and last traded at $29.28. 445,476 shares changed hands during trading, an increase of 157% from the average session volume of 173,428 shares. The stock had previously closed at $29.72.

Amplify CWP Growth & Income ETF Stock Performance

The stock has a market cap of $399.67 million, a P/E ratio of 35.30 and a beta of 1.03. The firm’s fifty day simple moving average is $29.30 and its 200-day simple moving average is $27.96.

Hedge Funds Weigh In On Amplify CWP Growth & Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Merit Financial Group LLC bought a new stake in Amplify CWP Growth & Income ETF during the third quarter valued at $17,505,000. Visionary Wealth Advisors raised its position in shares of Amplify CWP Growth & Income ETF by 38.1% in the 2nd quarter. Visionary Wealth Advisors now owns 82,392 shares of the company’s stock worth $2,274,000 after acquiring an additional 22,736 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Amplify CWP Growth & Income ETF in the 2nd quarter valued at about $1,929,000. Bank of Montreal Can bought a new stake in shares of Amplify CWP Growth & Income ETF during the 2nd quarter valued at about $932,000. Finally, Jane Street Group LLC bought a new stake in shares of Amplify CWP Growth & Income ETF during the 1st quarter valued at about $353,000.

About Amplify CWP Growth & Income ETF

The Amplify CWP Growth & Income ETF (QDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund holds long exposure to the Russell 1000 Growth Index and writes exchange-traded call options on them. The fund offers a balanced approach to growth and income by actively managing a narrow portfolio of large-cap US equities with strong growth potential.