First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Large Volume Increase – What’s Next?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw unusually-high trading volume on Friday . Approximately 342,531 shares were traded during mid-day 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 Stock Up 0.8%

The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 25.63 and a beta of 1.16. The firm has a 50 day moving average price of $113.24 and a two-hundred day moving average price of $107.21.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.4231 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.69 annualized dividend and a yield of 1.5%. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the first quarter valued at about $1,979,000. Focus Partners Wealth boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.3% during the first quarter. Focus Partners Wealth now owns 11,082 shares of the company’s stock valued at $816,000 after acquiring an additional 756 shares during the period. Cerity Partners LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at about $222,000. Qube Research & Technologies Ltd grew its holdings in First Trust NASDAQ Technology Dividend Index Fund by 3,107.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 9,014 shares of the company’s stock worth $813,000 after buying an additional 8,733 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the second quarter worth $67,000.

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.