First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Shares Up 0.2% - Here's What Happened

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) rose 0.2% on Monday . The company traded as high as $93.15 and last traded at $92.51. Approximately 78,132 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 128,570 shares. The stock had previously closed at $92.29.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The firm has a 50-day simple moving average of $87.12 and a 200-day simple moving average of $80.29. The firm has a market capitalization of $3.34 billion, a PE ratio of 25.63 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.3191 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.28 annualized dividend and a dividend yield of 1.40%. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.27.

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

Several hedge funds and other institutional investors have recently made changes to their positions in TDIV. Bank of America Corp DE increased its position 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 increased its position 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 increased its position 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. Cetera Investment Advisers increased its position 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. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter valued at about $7,056,000.

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.