First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Trading 0.9% Higher – What’s Next?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV)’s stock price was up 0.9% during mid-day trading on Monday . The stock traded as high as $78.94 and last traded at $78.83. Approximately 88,958 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 96,950 shares. The stock had previously closed at $78.09.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 0.9 %

The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. The business has a 50 day moving average of $79.76 and a 200 day moving average of $76.55.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.2456 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.98 annualized dividend and a dividend yield of 1.25%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC increased its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 6.7% during the 3rd quarter. LPL Financial LLC now owns 2,264,110 shares of the company’s stock valued at $181,808,000 after acquiring an additional 142,042 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in First Trust NASDAQ Technology Dividend Index Fund by 1.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 929,899 shares of the company’s stock worth $70,356,000 after purchasing an additional 10,227 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 31.5% during the first quarter. Cetera Investment Advisers now owns 438,300 shares of the company’s stock worth $30,536,000 after purchasing an additional 104,896 shares during the period. Commonwealth Equity Services LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 385,382 shares of the company’s stock worth $30,946,000 after purchasing an additional 10,552 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.3% in the 2nd quarter. Raymond James & Associates now owns 379,108 shares of the company’s stock valued at $28,683,000 after purchasing an additional 12,077 shares during 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.