Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Shares Down 0.5% – What’s Next?

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

Amplify Natural Resources Dividend Income ETF Trading Down 0.5%

The company has a 50 day moving average price of $29.96 and a 200 day moving average price of $28.58. The company has a market capitalization of $19.82 million, a price-to-earnings ratio of 11.40 and a beta of 0.82.

Amplify Natural Resources Dividend Income ETF Increases Dividend

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

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.