First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Large Volume Increase – Here’s Why

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw an uptick in trading volume on Monday . Approximately 149,544 shares traded hands during trading, an increase of 15% from the previous session’s volume of 129,713 shares.The stock last traded at $108.97 and had previously closed at $107.20.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The company has a fifty day moving average price of $114.83 and a two-hundred day moving average price of $105.18. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 25.63 and a beta of 1.16.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.4231 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.69 annualized dividend and a dividend yield of 1.6%. This is an increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors have recently made changes to their positions in TDIV. Clarus Wealth Advisors grew its position in First Trust NASDAQ Technology Dividend Index Fund by 1.4% in the second quarter. Clarus Wealth Advisors now owns 10,383 shares of the company’s stock worth $1,173,000 after acquiring an additional 148 shares in the last quarter. Sax Wealth Advisors LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 29.1% during the 2nd quarter. Sax Wealth Advisors LLC now owns 4,515 shares of the company’s stock valued at $519,000 after purchasing an additional 1,017 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter valued at $348,000. Dynamic Advisor Solutions LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the second quarter worth $224,000. Finally, Parallel Advisors LLC increased its position in First Trust NASDAQ Technology Dividend Index Fund by 5,532.0% during the first quarter. Parallel Advisors LLC now owns 5,632 shares of the company’s stock worth $527,000 after buying an additional 5,532 shares during the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

The First Trust NASDAQ Technology Dividend Index Fund (TDIV) is an exchange-traded fund that is based on the NASDAQ Technology Dividend index. The fund tracks a modified dividend-weighted index of US-listed technology companies that pay regular dividends. TDIV was launched on Aug 14, 2012 and is managed by First Trust.