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 Tuesday . Approximately 143,829 shares were traded during trading, an increase of 50% from the previous session’s volume of 95,857 shares.The stock last traded at $74.03 and had previously closed at $73.30.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 2.3 %

The firm has a 50 day moving average of $75.81 and a 200-day moving average of $71.32. The company has a market cap of $2.69 billion, a P/E ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

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

Hedge Funds Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Several hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 138.9% in the 2nd quarter. Fifth Third Bancorp now owns 454 shares of the company’s stock worth $34,000 after purchasing an additional 264 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the second quarter worth about $47,000. GAMMA Investing LLC bought a new position in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at approximately $57,000. Creekmur Asset Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at approximately $68,000. Finally, Principal Securities Inc. purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at approximately $92,000.

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.