Amplify ETFs has launched a new exchange-traded fund that aims to lower volatility and pay high current income on a monthly basis.
The Amplify CWP Growth & Income ETF (NYSE Arca: QDVO) seeks to deliver a high total return through the capital appreciation of growth-oriented equities and a high monthly income by opportunistically writing covered calls on individual stocks.
It’s the latest launch from the $9 billion ETF sponsor which expanded in 2023 by acquiring the ETFs of ETF Managers Group.
The new fund adds to Amplify’s growing income suite that leverages tactical covered call writing and dividends to generate enhanced income. It joins the 5-star Morningstar rated Amplify CWP Enhanced Dividend Income ETF (NYSE Arca: DIVO), and the Amplify CWP International Enhanced Dividend Income ETF (NYSE Arca: IDVO).
At least 80% of QDVO’s assets are strategically invested in growth-oriented US equities with a tactical covered call writing strategy. The stocks are generally large cap with growth potential with the aim of high returns through capital appreciation and current income from option premiums (4-6%of the income) and dividends (2%).
"QDVO is an exciting addition to the Amplify lineup and partnership with Capital Wealth Planning. QDVO is designed to capture investors' enduring appetite for growth while providing high monthly income potential, empowering them to optimize their portfolios in various market environments. We’ve been very pleased with the engagement in DIVO and IDVO and expect QDVO to complement those strategies. QDVO represents a timely strategy for those looking to balance their growth with income generation,” said Christian Magoon, CEO of Amplify ETFs.
Five low-cost index ETFs to anchor Trump Accounts as advisors weigh options against 529 and UTMA plans for clients
A bipartisan proposal aimed at aligning advisor compensation rules with modern business structures is headed to the full House.
Vanilla is extending its estate planning tech to Callan Family Office's ultra-high-net-worth business, while WealthFeed's organic growth engine will now be available to roughly 100 advisors at The Mather Group.
“We are helping families take an important first step toward building a financial foundation for the next generation,” said Franklin Templeton CEO Jenny Johnson
Richard Brothers Financial Advisors joins the fee-only RIA, adding its first Maine office and $240 million in client assets
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
