First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Shares Down 0.1% – Should You Sell?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) fell 0.1% during mid-day 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 session volume of 130,329 shares. The stock had previously closed at $107.94.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The stock has a market capitalization of $4.09 billion, a PE ratio of 25.63 and a beta of 1.16. The stock has a 50 day moving average of $115.11 and a two-hundred day moving average of $104.86.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.4231 per share. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 1.6%.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Great Valley Advisor Group Inc. lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.0% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 12,361 shares of the company’s stock valued at $1,115,000 after acquiring an additional 119 shares during the last quarter. United Advisor Group LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.3% in the 4th quarter. United Advisor Group LLC now owns 5,206 shares of the company’s stock worth $504,000 after acquiring an additional 119 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,586 shares of the company’s stock worth $336,000 after acquiring an additional 125 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 4,320 shares of the company’s stock worth $418,000 after purchasing an additional 126 shares during the period. Finally, Centaurus Financial Inc. raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.6% during the third quarter. Centaurus Financial Inc. now owns 2,658 shares of the company’s stock worth $262,000 after purchasing an additional 140 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.