FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Share Price Breaks Below 200 Day Moving Average – What’s Next?

Shares of FT Vest Technology Dividend Target Income ETF (BATS:TDVI) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $30.19 and traded as low as $29.25. FT Vest Technology Dividend Target Income ETF shares last traded at $29.27, with a volume of 299,464 shares changing hands.

FT Vest Technology Dividend Target Income ETF Stock Down 5.7%

The company has a market capitalization of $111.23 million, a price-to-earnings ratio of 25.63 and a beta of 1.18. The company has a 50 day simple moving average of $31.14 and a 200 day simple moving average of $30.19.

Institutional Trading of FT Vest Technology Dividend Target Income ETF

A number of institutional investors have recently modified their holdings of TDVI. Accel Wealth Management increased its position in FT Vest Technology Dividend Target Income ETF by 9.4% during the 3rd quarter. Accel Wealth Management now owns 22,177 shares of the company’s stock worth $683,000 after purchasing an additional 1,911 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in FT Vest Technology Dividend Target Income ETF by 39.5% in the third quarter. SteelPeak Wealth LLC now owns 8,835 shares of the company’s stock valued at $272,000 after buying an additional 2,500 shares during the period. Concurrent Investment Advisors LLC lifted its position in FT Vest Technology Dividend Target Income ETF by 17.7% during the second quarter. Concurrent Investment Advisors LLC now owns 24,875 shares of the company’s stock valued at $790,000 after buying an additional 3,735 shares in the last quarter. Endeavor Private Wealth Inc. lifted its position in FT Vest Technology Dividend Target Income ETF by 33.3% during the second quarter. Endeavor Private Wealth Inc. now owns 16,210 shares of the company’s stock valued at $515,000 after buying an additional 4,052 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in FT Vest Technology Dividend Target Income ETF by 14.8% during the first quarter. Stephens Inc. AR now owns 31,879 shares of the company’s stock valued at $847,000 after buying an additional 4,112 shares in the last quarter.

About FT Vest Technology Dividend Target Income ETF

The FT Vest Technology Dividend Target Income ETF (TDVI) is an exchange-traded fund that mostly invests in information technology equity. TVDI is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying US technology companies. The fund also utilizes a naked call writing option strategy on the Nasdaq 100 Index (NDX) and/or the S&P 500 Index (SPX) or related ETFs. TDVI was launched on Aug 9, 2023 and is issued by First Trust.