First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Unusually-High Trading Volume

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) shares saw unusually-high trading volume on Thursday . Approximately 471,679 shares changed hands during trading, an increase of 401% from the previous session’s volume of 94,211 shares.The stock last traded at $69.63 and had previously closed at $69.61.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.1 %

The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 14.60 and a beta of 1.00. The stock’s 50 day moving average price is $67.73 and its 200 day moving average price is $62.38.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.1907 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.09%.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the first quarter valued at $32,000. Citigroup Inc. boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 40.0% during the first quarter. Citigroup Inc. now owns 882 shares of the company’s stock worth $52,000 after purchasing an additional 252 shares during the last quarter. GAMMA Investing LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth about $57,000. Creekmur Asset Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth about $68,000. Finally, Money Concepts Capital Corp boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 134.2% during the fourth quarter. Money Concepts Capital Corp now owns 1,773 shares of the company’s stock worth $85,000 after purchasing an additional 1,016 shares during 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.