Amplify ETFs Unveils New Amplify CWP Growth & Income ETF (QDVO) on NYSE Arca

How QDVO ETF Works

QDVO ETF invests primarily of its assets in large-cap U.S. growth stocks and employs an options strategy for additional income. The portfolio consists of 20-40 stocks from the Russell 1000 Growth Index, diversified across sectors, with no single sector exceeding 50% of the portfolio or a single stock exceeding 15%.

The ETF also writes (sells) short-term call options on these stocks to generate 4-6% income from option premiums and 0-2% from dividends. This strategy limits upside potential beyond the option strike price but provides income and potential capital appreciation.

As of launch day, the top names in the fund include Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta, Tesla, Broadcom and Netflix.

The fund is actively-managed and has an expense ratio of 0.55%.

Why Investors Should Consider QDVO

QDVO presents an attractive option for investors seeking to optimize their portfolios by balancing growth potential with high monthly income. With its focus on large-cap growth stocks, the ETF taps into the enduring demand for growth investments while simultaneously offering the benefits of a tactical income strategy. This makes QDVO a versatile tool for investors aiming to navigate different market environments while still achieving their financial goals. CWP's active management also ensures that the fund can capitalize on market opportunities and minimize risks, potentially leading to enhanced returns.

"QDVO is an exciting addition to the Amplify lineup and partnership with Capital Wealth Planning (CWP). 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," said Christian Magoon, CEO of Amplify ETFs. "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."

About Amplify ETFs

Amplify ETFs, backed by Amplify Investments, manages over $9 billion in assets across its diverse ETF lineup (as of 6/30/2024). Amplify ETFs provide investors with a broad array of investment opportunities, offering growth, income, and risk-managed strategies through both actively managed and index-based funds.

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.