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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw unusually-strong trading volume on Monday . Approximately 97,999 shares changed hands during mid-day 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 Performance

The stock’s fifty day moving average price is $80.09 and its 200-day moving average price is $77.17. The firm has a market cap of $2.93 billion, a PE ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.2456 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.98 annualized dividend and a yield of 1.21%.

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

Several hedge funds have recently added to or reduced their stakes in TDIV. Kestra Investment Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at about $13,816,000. LPL Financial LLC increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 6.7% during the 3rd quarter. LPL Financial LLC now owns 2,264,110 shares of the company’s stock valued at $181,808,000 after acquiring an additional 142,042 shares in the last quarter. NewEdge Advisors LLC increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 116.1% during the 2nd quarter. NewEdge Advisors LLC now owns 218,355 shares of the company’s stock valued at $16,521,000 after acquiring an additional 117,324 shares in the last quarter. Avaii Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the third quarter worth about $9,204,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 35.9% during the second quarter. Commonwealth Equity Services LLC now owns 374,830 shares of the company’s stock worth $28,360,000 after buying an additional 98,935 shares in the last quarter.

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.