Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Stock Breaks Below 200 Day Moving Average – Should You Sell?

Shares of Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $33.94 and traded as low as $33.40. Amplify Natural Resources Dividend Income ETF shares last traded at $33.62, with a volume of 14,648 shares traded.

Amplify Natural Resources Dividend Income ETF Trading Down 1.4%

The business has a 50-day moving average price of $34.62 and a 200-day moving average price of $33.94. The stock has a market cap of $33.45 million, a PE ratio of 13.93 and a beta of 0.54.

Hedge Funds Weigh In On Amplify Natural Resources Dividend Income ETF

An institutional investor recently bought a new position in Amplify Natural Resources Dividend Income ETF stock. Parallel Advisors LLC acquired a new stake in shares of Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,700 shares of the company’s stock, valued at approximately $56,000. Parallel Advisors LLC owned approximately 0.17% of Amplify Natural Resources Dividend Income ETF as of its most recent SEC filing.

Amplify Natural Resources Dividend Income ETF Company Profile

The Amplify Natural Resources Dividend Income ETF (NDIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of 40 to 60 US-listed dividend-paying companies engaged in the natural resources industry. Holdings are selected based on fundamental factors and weighted by dividend yield. NDIV was launched on Aug 24, 2022 and is managed by Amplify.