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

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) shares crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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 trading hands.

Amplify Natural Resources Dividend Income ETF Price Performance

The business has a 50 day simple moving average of $34.52 and a 200 day simple moving average of $33.98. The stock has a market cap of $32.86 million, a PE ratio of 13.93 and a beta of 0.54.

Institutional Investors Weigh In On Amplify Natural Resources Dividend Income ETF

A hedge fund recently bought a new stake in Amplify Natural Resources Dividend Income ETF stock. Parallel Advisors LLC acquired a new position in Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,700 shares of the company’s stock, valued at approximately $56,000. Parallel Advisors LLC owned about 0.17% of Amplify Natural Resources Dividend Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.