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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) shares saw strong trading volume on Friday . 342,531 shares were traded during mid-day trading, an increase of 170% from the previous session’s volume of 126,972 shares.The stock last traded at $114.35 and had previously closed at $113.66.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The stock has a market capitalization of $4.35 billion, a P/E ratio of 25.63 and a beta of 1.16. The company’s 50 day simple moving average is $113.28 and its two-hundred day simple moving average is $107.16.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.4231 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.69 dividend on an annualized basis and a yield of 1.5%. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter worth about $25,000. Root Financial Partners LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the first quarter worth about $33,000. Torren Management LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the first quarter worth approximately $37,000. Sunbelt Securities Inc. grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 65.4% during the first quarter. Sunbelt Securities Inc. now owns 506 shares of the company’s stock valued at $47,000 after purchasing an additional 200 shares during the last quarter. Finally, Birchbrook Inc. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at approximately $49,000.

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.