First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Stock Price Up 2.2% – Here’s What Happened

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) rose 2.2% on Friday . The company traded as high as $117.20 and last traded at $116.88. 77,033 shares were traded during trading, a decline of 40% from the average daily volume of 128,669 shares. The stock had previously closed at $114.35.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 25.63 and a beta of 1.17. The company’s fifty day moving average price is $113.34 and its 200-day moving average price is $108.94.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.4231 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.69 annualized dividend and a yield of 1.4%. This is an increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TDIV. Prospera Financial Services Inc lifted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.9% in the 4th quarter. Prospera Financial Services Inc now owns 50,626 shares of the company’s stock valued at $4,903,000 after purchasing an additional 1,917 shares during the period. Strategic Financial Concepts LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at $470,000. IFP Advisors Inc increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 3.0% in the fourth quarter. IFP Advisors Inc now owns 178,722 shares of the company’s stock valued at $17,307,000 after buying an additional 5,182 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 41.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 516 shares of the company’s stock worth $50,000 after acquiring an additional 152 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 263,243 shares of the company’s stock worth $25,492,000 after acquiring an additional 6,268 shares during the period.

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.