First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 56,979 shares, a drop of 57.0% from the August 31st total of 132,604 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 220,547 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of TDIV. LPL Financial LLC grew its position in First Trust NASDAQ Technology Dividend Index Fund by 1.5% during the fourth quarter. LPL Financial LLC now owns 2,834,906 shares of the company’s stock worth $274,532,000 after buying an additional 40,614 shares during the period. Bank of America Corp DE lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.6% during the 1st quarter. Bank of America Corp DE now owns 1,485,495 shares of the company’s stock valued at $139,131,000 after acquiring an additional 104,853 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 9.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 838,304 shares of the company’s stock worth $96,304,000 after acquiring an additional 71,483 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 424,544 shares of the company’s stock worth $48,772,000 after acquiring an additional 26,904 shares in the last quarter. Finally, &PARTNERS grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.3% in the 4th quarter. &PARTNERS now owns 415,866 shares of the company’s stock worth $40,083,000 after acquiring an additional 1,382 shares during the period.
First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.4%
Shares of TDIV opened at $112.89 on Wednesday. The stock’s 50 day moving average is $114.03 and its two-hundred day moving average is $110.40. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $90.24 and a twelve month high of $128.50. The firm has a market capitalization of $4.42 billion, a PE ratio of 25.63 and a beta of 1.17.
First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend
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.
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