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

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw unusually-high trading volume on Monday . Approximately 97,999 shares were traded during trading, an increase of 2% from the previous session’s volume of 95,958 shares.The stock last traded at $80.15 and had previously closed at $79.97.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 0.0 %

The stock’s 50-day moving average price is $80.13 and its 200 day moving average price is $77.30. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.2456 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.22%.

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

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp raised its position in First Trust NASDAQ Technology Dividend Index Fund by 138.9% in the second 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. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter worth approximately $47,000. Venturi Wealth Management LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter worth approximately $57,000. Darwin Wealth Management LLC acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter valued at $60,000. Finally, Centaurus Financial Inc. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the second quarter valued at $107,000.

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.