Significant Outflow from First Trust NASDAQ Technology Dividend Index Fund

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The First Trust NASDAQ Technology Dividend Index Fund (TDIV) experienced a significant outflow of approximately $468.5 million, marking a 9.6% decrease in shares outstanding week over week, from 43,305,000 to 39,155,000. This data was reported as of today.

Currently, TDIV’s share price is at $113.09, within a 52-week range of $90.24 (low) to $128.50 (high). Among its major components, Qualcomm Inc (QCOM) increased by 0.6%, while Thomson Reuters Corp (TRI) and Vistance Networks Inc (VISN) saw minimal changes of -0.1% and +0.1%, respectively.

This notable outflow indicates a broader impact on the ETF’s underlying holdings, as large volume changes can influence the stock prices of the included companies.

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