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DIVO: Strong U.S. Dividend Income ETF, Above-Average 4.6% Yield
DIVO is a U.S. dividend income ETF focusing on blue-chip stocks, and selling covered calls on a small portion of its holdings. It offers investors an above-average 4.6% yield, and a reasonably good performance track-record. Potential capital gains are strong too, unlike most covered call and bond ETFs.
Chart of the Week: Advisors Considering Covered Call ETFs
Covered call ETFs and strategies remain in focus. The JPMorgan Equity Premium Income ETF (JEPI) gathered $13 billion in 2023, despite rising just 10% in value.
DIVO: Designed To Outperform JEPI
Research suggests that high-yield covered call strategies underperform low-yield strategies, leading to lower total returns. Covered call ETFs with higher yields have a greater negative equity exposure, resulting in lower expected returns. There is a positive relationship between the derivative yield and the expected volatility risk premium return, but this is overshadowed by the negative equity impact.
DIVO: A Fit For Income-Seeking Investors Who Want Additional Possible Upside
DIVO is an ETF that combines strong dividend companies with a covered call strategy for steady income and possible equity appreciation. DIVO has robust three-year returns and offers liquidity and sector diversification, making it suitable for various market conditions. DIVO's unique blend of income generation and active management makes it an appealing option for income-focused investors.
5 Charts on ETFs Recapping Equities in 2023
It's been the year of active equity ETFs, the year of covered call ETFs, and a year when growth and quality has mattered most in the equity market. All of this is now clear from the year-to-date net inflows and fund performance records.
READ: ETF of the Week: Know What's Under The Hood
VettaFi's Head of Research Todd Rosenbluth joins Chuck Jaffe to discuss what investors should consider when evaluating ETFs and what's in favor in the current environment on this special episode of ETF of the Week. This was originally featured on a segment “Money Life” with Chuck Jaffe.
DIVO May Have Room To Increase Its Distributions
Amplify CWP Enhanced Dividend Income ETF (DIVO) has a dividend yield close to 5% with limited covered call writing. DIVO's holdings consist mostly of Dow Jones Index components, which may result in performance matching that of the Dow Index. While DIVO holds stocks with a strong history of dividend growth, its own dividend distribution history has been disappointing.
Chart of the Week: Alternative Income ETF Comfort
Alternative income ETF strategies are hot, and many asset managers are bringing their expertise to meet advisors. JPMorgan has pulled in $18 billion of new money this year for two of its covered call ETFs.
DIVO: Stay The Course; Maintain Buy Rating
The Amplify CWP Enhanced Dividend Income ETF has lagged the S&P 500 Index this year, mostly due to its limited exposure to the "Magnificent 7" stocks. The Magnificent 7 have contributed over 100% of the market's returns this year, and funds that are underweight them have lagged. History suggests that the current market concentration is unsustainable, and DIVO's portfolio of fundamentally chosen stocks should outperform in the long run.
Income Opportunities in Bonds and Beyond
It's been a great year for alternative income strategies as inflation, interest rate, and recession risk fears dominated markets. Garrett Paolella of NEOS and Christian Magoon of Amplify ETFs joined VettaFi's Tom Lydon to discuss alternative income opportunities at the Income Strategy Symposium hosted by VettaFi on October 27.
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DIVO Frequently Asked Questions
What is Amplify CWP Enhanced Dividend Income ETF stock symbol ?
Amplify CWP Enhanced Dividend Income ETF is a US stock and trading under the symbol DIVO
What is Amplify CWP Enhanced Dividend Income ETF stock quote today ?
Amplify CWP Enhanced Dividend Income ETF stock price is $38.81 today.
Is Amplify CWP Enhanced Dividend Income ETF stock public?
Yes, Amplify CWP Enhanced Dividend Income ETF is a publicly traded company.