Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Stock Price Breaks Above 200 Day Moving Average – Time to Sell?

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $34.08 and traded as high as $34.11. Amplify Natural Resources Dividend Income ETF shares last traded at $34.10, with a volume of 6,333 shares trading hands.

Amplify Natural Resources Dividend Income ETF Stock Up 0.7%

The firm has a market capitalization of $34.10 million, a price-to-earnings ratio of 13.93 and a beta of 0.52. The business has a 50-day moving average price of $34.34 and a 200-day moving average price of $34.08.

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 purchased a new position in shares of Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 at the end of the most recent quarter.

About Amplify Natural Resources Dividend Income ETF

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.