First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Unusually-High Trading Volume – What’s Next?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw unusually-strong trading volume on Monday . Approximately 149,544 shares were traded 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 stock has a 50-day moving average price of $114.73 and a two-hundred day moving average price of $105.30. The stock has a market cap of $4.11 billion, a PE ratio of 25.63 and a beta of 1.16.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth approximately $27,000. Root Financial Partners LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the first quarter worth $33,000. Torren Management LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the first quarter worth $37,000. Capital Investment Advisory Services LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 202.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 481 shares of the company’s stock valued at $47,000 after purchasing an additional 322 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in 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 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.