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First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Unusually-High Trading Volume - Here's Why

First Trust NASDAQ Technology Dividend Index Fund logo with Manufacturing background

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 208,324 shares were traded during trading, an increase of 53% from the previous session's volume of 136,028 shares.The stock last traded at $81.65 and had previously closed at $81.92.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The business has a fifty day simple moving average of $73.97 and a two-hundred day simple moving average of $77.84. The company has a market cap of $2.90 billion, a PE ratio of 25.15 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2703 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.08 dividend on an annualized basis and a yield of 1.36%. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

A number of hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $96,385,000. Bank of America Corp DE lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 16.0% during the 4th quarter. Bank of America Corp DE now owns 1,378,342 shares of the company's stock valued at $108,145,000 after purchasing an additional 190,519 shares during the last quarter. Kestra Investment Management LLC lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 92.3% during the 1st quarter. Kestra Investment Management LLC now owns 342,984 shares of the company's stock valued at $25,247,000 after purchasing an additional 164,667 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.3% during the 1st quarter. LPL Financial LLC now owns 2,366,613 shares of the company's stock valued at $174,206,000 after purchasing an additional 119,189 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 30.8% during the 4th quarter. Cetera Investment Advisers now owns 444,864 shares of the company's stock valued at $34,904,000 after purchasing an additional 104,769 shares during the last quarter.

About First Trust NASDAQ Technology Dividend Index Fund

(Get Free Report)

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.

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