FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Stock Falls 2.6% – What’s Next?

FT Vest Technology Dividend Target Income ETF (BATS:TDVI)’s share price dropped 2.6% on Friday. The company traded as low as $30.50 and last traded at $30.88. 96,870 shares changed hands during trading, a decline of 26% from the average session volume of 131,495 shares. The stock had previously closed at $31.71.

FT Vest Technology Dividend Target Income ETF Stock Performance

The stock has a market capitalization of $117.34 million, a price-to-earnings ratio of 25.63 and a beta of 1.18. The firm has a fifty day moving average of $31.19 and a 200-day moving average of $30.15.

Institutional Investors Weigh In On FT Vest Technology Dividend Target Income ETF

A number of large investors have recently modified their holdings of TDVI. Farther Finance Advisors LLC acquired a new position in shares of FT Vest Technology Dividend Target Income ETF during the third quarter worth $179,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in FT Vest Technology Dividend Target Income ETF in the 2nd quarter worth $207,000. Integrity Alliance LLC. purchased a new position in FT Vest Technology Dividend Target Income ETF in the 3rd quarter valued at about $208,000. SteelPeak Wealth LLC boosted its position in FT Vest Technology Dividend Target Income ETF by 39.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 8,835 shares of the company’s stock valued at $272,000 after buying an additional 2,500 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in FT Vest Technology Dividend Target Income ETF by 2,176.9% in the 1st quarter. NewEdge Advisors LLC now owns 9,153 shares of the company’s stock valued at $243,000 after buying an additional 8,751 shares during the last quarter.

FT Vest Technology Dividend Target Income ETF Company Profile

The FT Vest Technology Dividend Target Income ETF (TDVI) is an exchange-traded fund that mostly invests in information technology equity. TVDI is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying US technology companies. The fund also utilizes a naked call writing option strategy on the Nasdaq 100 Index (NDX) and/or the S&P 500 Index (SPX) or related ETFs. TDVI was launched on Aug 9, 2023 and is issued by First Trust.