First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Large Volume Increase – Here’s Why

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw strong trading volume on Wednesday . 231,559 shares were traded during mid-day trading, an increase of 63% from the previous session’s volume of 142,310 shares.The stock last traded at $69.17 and had previously closed at $70.23.

First Trust NASDAQ Technology Dividend Index Fund Trading Down 2.2 %

The company has a market capitalization of $2.48 billion, a PE ratio of 25.24 and a beta of 1.00. The stock has a fifty day simple moving average of $76.12 and a 200-day simple moving average of $78.75.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2703 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.57%. This is an increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors have recently modified their holdings of TDIV. Millstone Evans Group LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth about $28,000. Transce3nd LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth approximately $36,000. Raleigh Capital Management Inc. increased its position in First Trust NASDAQ Technology Dividend Index Fund by 100.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 514 shares of the company’s stock worth $40,000 after buying an additional 258 shares during the period. Bernard Wealth Management Corp. purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $41,000. Finally, ORG Partners LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $47,000.

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.