First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Unusually-High Trading Volume – Still a Buy?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) shares saw unusually-high trading volume on Friday . Approximately 342,531 shares changed hands during 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 Trading Up 0.9%

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 has a fifty day simple moving average of $113.28 and a two-hundred day simple moving average of $107.16.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDIV. LPL Financial LLC boosted its stake in First Trust NASDAQ Technology Dividend Index Fund by 1.5% during the 4th quarter. LPL Financial LLC now owns 2,834,906 shares of the company’s stock worth $274,532,000 after acquiring an additional 40,614 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,563,891 shares of the company’s stock worth $151,447,000 after purchasing an additional 75,624 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.6% in the 1st quarter. Bank of America Corp DE now owns 1,485,495 shares of the company’s stock valued at $139,131,000 after buying an additional 104,853 shares during the period. Raymond James Financial Inc. raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 17.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock worth $125,012,000 after buying an additional 202,281 shares during the period. Finally, Royal Bank of Canada raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 8.4% during the 4th quarter. Royal Bank of Canada now owns 609,685 shares of the company’s stock worth $59,042,000 after buying an additional 47,259 shares during the period.

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.