DIVO

The Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund that follows a portfolio of dividend-paying companies with income-enhancing options strategies. The ETF is managed by Amplify Investments, LLC and trades under the ticker DIVO on NYSE Arca.

Classified as an equity ETF focused on enhanced dividend and income generation, DIVO combines exposure to high-quality dividend stocks with the writing of covered call options on a portion of its portfolio. 

The strategy seeks to capture option premiums as a complement to stock dividends and aims to make regular distributions, before fees and expenses

DIVO does not seek to replicate a traditional market index. The strategy combines a large-cap equity portfolio with actively managed option positions that are adjusted periodically based on volatility, option maturities, and market conditions.

Diversification and sector exposure

DIVO provides exposure to the U.S. equity market with a focus on income and quality, including companies across sectors such as:

• Financials.

• Consumer staples.

• Information technology.

• Health care.

• Industrials.

This composition offers a diversified income profile from equities, balancing stability with potential capital appreciation in dividend-oriented companies.

Structure and costs

Shares of DIVO are traded on the secondary market, while creation and redemption of shares are carried out by authorized participants, a mechanism that helps keep the ETF’s market price close to its net asset value (NAV).

The fund carries an expense ratio consistent with income and option-strategy ETFs, reflecting the operational cost of executing derivative positions, and does not charge a performance fee. DIVO makes periodic income distributions, which include both stock dividends and captured option premiums. 

The ETF has a single share class and trades exclusively under the ticker DIVO.

History and evolution of the ETF

The Amplify CWP Enhanced Dividend Income ETF was launched in 2017, at a time when investors were increasingly seeking solutions that blended broad equity exposure with higher income potential than traditional dividends alone.

Since inception, DIVO has been adopted by institutional and individual investors seeking a structured income approach, combining stable dividend payers with additional income-enhancement strategies

Between 2020 and 2024, the ETF reflected market volatility cycles, shifts in global monetary policy, and heightened demand for consistent income in equities, while maintaining high liquidity and broad use as part of income generation and portfolio diversification strategies.