FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of FT Vest Technology Dividend Target Income ETF (BATS:TDVI) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $30.19 and traded as low as $29.25. FT Vest Technology Dividend Target Income ETF shares last traded at $29.27, with a volume of 299,464 shares.

FT Vest Technology Dividend Target Income ETF Price Performance

The firm’s 50-day simple moving average is $31.14 and its two-hundred day simple moving average is $30.19. The company has a market capitalization of $111.23 million, a price-to-earnings ratio of 25.63 and a beta of 1.18.

Hedge Funds Weigh In On FT Vest Technology Dividend Target Income ETF

Several hedge funds have recently bought and sold shares of the company. Southern Capital Services Inc. ADV increased its stake in shares of FT Vest Technology Dividend Target Income ETF by 2.5% during the 1st quarter. Southern Capital Services Inc. ADV now owns 559,518 shares of the company’s stock worth $14,861,000 after purchasing an additional 13,760 shares in the last quarter. Royal Bank of Canada lifted its stake in FT Vest Technology Dividend Target Income ETF by 4.9% in the 1st quarter. Royal Bank of Canada now owns 408,277 shares of the company’s stock valued at $10,844,000 after buying an additional 19,007 shares in the last quarter. Bullseye Investment Management LLC purchased a new stake in FT Vest Technology Dividend Target Income ETF in the 2nd quarter valued at approximately $8,407,000. Independent Financial Group LLC acquired a new stake in FT Vest Technology Dividend Target Income ETF during the 1st quarter valued at $5,315,000. Finally, Commonwealth Equity Services LLC acquired a new stake in FT Vest Technology Dividend Target Income ETF during the 3rd quarter valued at $3,072,000.

About FT Vest Technology Dividend Target Income ETF

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.