IDVO Stock Summary and Trading Ideas (Amplify International Enhanced Dividend Income ETF | ARCA:IDVO)

IDVO is an ETF of high quality international large and mid-cap companies through American Depositary Receipts (ADRs) with a history of dividend and earnings growth, along with a tactical covered call strategy on individual securities. The fund identifies ADRs of high-quality large-cap companies from the MSCI ACWI ex USA Index that we believe will, over time, sustain their earnings and cash flow growth, and increase their annual dividends consistently. The portfolio managers consider which industry sectors or countries appear to be outperforming relative to the overall market and over-weight those sectors or countries by selecting securities that are outperforming relative to their peers. Assembling a portfolio of 30-50 securities that have been screened according to attributes such as earnings, cash flow, return on equity, market capitalization, and management track. Tactical covered-call writing on individual securities to lower risk and enhance total return. Fund seeks to provide a gross income of approximately 3-4% from dividend income and 2-4% from sold call options.

Amplify International Enhanced Dividend Income ETF trades on the ARCA stock market under the symbol IDVO.

As of January 6, 2025, IDVO stock price climbed to $30.25 with 30,807 million shares trading.

IDVO has a beta of 0.77, meaning it tends to be less sensitive to market movements. IDVO has a correlation of 0.55 to the broad based SPY ETF.

IDVO has a market cap of $149.01 million. This is considered a Micro Cap stock.

IDVO has underperformed the market in the last year with a return of +12.6%, while the SPY ETF gained +28.5%. In the last 3 month period, IDVO fell short of the market, returning 0.0%, while SPY returned +5.2%. However, in the most recent 2 weeks IDVO has outperformed the stock market by returning +1.0%, while SPY returned +0.7%.

IDVO support price is $29.78 and resistance is $30.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IDVO shares will trade within this expected range on the day.