First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Large Volume Increase

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw unusually-high trading volume on Monday . Approximately 98,735 shares traded hands during trading, an increase of 7% from the previous session’s volume of 91,907 shares.The stock last traded at $75.77 and had previously closed at $75.66.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The firm has a market capitalization of $2.65 billion, a PE ratio of 26.61 and a beta of 1.00. The company’s 50-day moving average price is $72.54 and its 200-day moving average price is $68.80.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.3664 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.47 annualized dividend and a dividend yield of 1.91%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Investment Advisory LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 2.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 6,930 shares of the company’s stock worth $483,000 after acquiring an additional 150 shares in the last quarter. PFG Investments LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 3.8% during the 4th quarter. PFG Investments LLC now owns 4,621 shares of the company’s stock worth $296,000 after acquiring an additional 170 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 4.7% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,383 shares of the company’s stock worth $281,000 after acquiring an additional 198 shares in the last quarter. Clearwater Capital Advisors LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 0.7% during the 4th quarter. Clearwater Capital Advisors LLC now owns 30,809 shares of the company’s stock worth $1,975,000 after acquiring an additional 211 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 2.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 8,939 shares of the company’s stock worth $573,000 after acquiring an additional 225 shares in the last quarter.

About First Trust NASDAQ Technology Dividend Index Fund

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.