First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Shares Down 0.1% – Here’s Why

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV)’s stock price dropped 0.1% during trading on Monday . The stock traded as low as $107.63 and last traded at $107.88. 91,359 shares changed hands during trading, a decline of 30% from the average daily volume of 130,329 shares. The stock had previously closed at $107.94.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 0.2%

The stock has a market capitalization of $4.14 billion, a PE ratio of 25.63 and a beta of 1.16. The business’s 50-day moving average is $115.08 and its two-hundred day moving average is $104.95.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Large investors have recently made changes to their positions in the company. Clarus Wealth Advisors increased its position in First Trust NASDAQ Technology Dividend Index Fund by 1.4% during the second quarter. Clarus Wealth Advisors now owns 10,383 shares of the company’s stock worth $1,173,000 after buying an additional 148 shares during the period. Sax Wealth Advisors LLC boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 29.1% in the second quarter. Sax Wealth Advisors LLC now owns 4,515 shares of the company’s stock valued at $519,000 after acquiring an additional 1,017 shares during the period. First Heartland Consultants Inc. purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth approximately $348,000. Dynamic Advisor Solutions LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth approximately $224,000. Finally, Parallel Advisors LLC increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 5,532.0% in the 1st quarter. Parallel Advisors LLC now owns 5,632 shares of the company’s stock valued at $527,000 after acquiring an additional 5,532 shares during the period.

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.