Amplify CWP Enhanced Dividend Income ETF Price & Performance (DIVO)

A retirement investor with $21,600 in annual dividend income is exploring high-yield stocks to close a $2,200 monthly gap. Currently holding $150,000 in income ETFs, he aims to reach $4,000 monthly in three years. Suggestions include covered-call ETFs and diversified assets, balancing yield with risk management.12

The Bank of New York Mellon reduced its holdings in Amplify YieldShares CWP Dividend & Option Income ETF (DIVO) by 0.8% last quarter. The ETF, which focuses on dividend income through a tactical call-writing strategy, has seen mixed institutional interest, with other firms both increasing and decreasing positions.3

Investors are turning to dividend-focused ETFs for passive income opportunities. Suggestions from online forums highlight funds like SCHD and JEPI for consistent dividends. These ETFs are becoming popular for those aiming to balance growth and income, especially amid volatile market conditions.45