Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Trading Down 0.5% – Should You Sell?

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) fell 0.5% during mid-day trading on Tuesday . The company traded as low as $32.60 and last traded at $33.04. 5,694 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 10,171 shares. The stock had previously closed at $33.19.

Amplify Natural Resources Dividend Income ETF Stock Down 0.5%

The firm has a market capitalization of $19.82 million, a P/E ratio of 11.40 and a beta of 0.82. The firm has a 50 day moving average of $29.96 and a 200-day moving average of $28.58.

Amplify Natural Resources Dividend Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were given a $0.2706 dividend. The ex-dividend date was Thursday, February 26th. This is an increase from Amplify Natural Resources Dividend Income ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

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.