Investment Firm Crumly Dumped Shares of TDIV Worth $3.4 Million. Should Investors Avoid the ETF?
Key Points
Crumly sold 35,046 shares of TDIV; estimated trade value $3.42 million based on quarterly average price.
The quarter-end position value fell by $3.73 million, a change reflecting both trades and price movements.
Post-trade holding: 104,426 shares valued at $9.78 million
TDIV now represents 2.05% of fund AUM, which places it outside the fund's top five holdings.
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What happened
According to a SEC filing dated April 2, 2026, Crumly & Associates Inc. sold 35,046 shares of the First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) during the first quarter. The estimated transaction value was approximately $3.42 million, based on average pricing for the quarter.
As a result, the quarter-end value of the TDIV position declined by $3.73 million, reflecting both the share sale and stock price movement.
What else to know
TDIV remains a holding after this reduction, now accounting for 2.05% of 13F AUM. Top holdings after the filing are as follows:
- NYSEMKT:HEFA: $26.21 million (5.5% of AUM)
- NYSEMKT:JGRO: $21.45 million (4.5% of AUM)
- NASDAQ:RDVY: $20.89 million (4.4% of AUM)
- NYSEMKT:DSTL: $20.79 million (4.4% of AUM)
- NYSE:DSTX: $19.76 million (4.2% of AUM)
As of April 1, 2026, TDIV shares were priced at $94.02, up 29.2% over the past year, outperforming the S&P 500 by 12.49 percentage points.
The position was previously 2.8% of the fund's AUM as of the prior quarter.
ETF overview
| Metric | Value |
|---|---|
| AUM | $3.74 billion |
| Price (as of market close 2026-04-01) | $94.02 |
| Dividend yield | 1.38% |
| 1-year total return | 29.22% |
ETF snapshot
- The ETF’s investment strategy focuses on tracking the Nasdaq Technology Dividend Index, targeting technology and telecom companies with a consistent dividend history.
- The fund is structured as an exchange-traded fund (ETF) with a rules-based methodology.
- TDIV primarily serves income-focused investors seeking exposure to established technology and telecommunications companies that pay regular dividends.
The First Trust NASDAQ Technology Dividend Index Fund provides investors with exposure to dividend-paying technology and telecommunications companies through a passively-managed ETF structure.
The fund's strategy emphasizes both income generation and sector diversification within the technology space. By tracking a rules-based index, it offers a systematic approach to capturing total return potential from leading technology firms with established dividend policies.
What this transaction means for investors
Investment firm Crumly & Associates’ decision to trim its stake in the First Trust NASDAQ Technology Dividend Index Fund (TDIV) during the first quarter could be for a number of reasons. The ETF was well above its 52-week low of $62.54 reached last April, which could have enticed Crumly to dispose of some shares.
It’s worth noting Crumly continued to hold over 100,000 shares after the sale, indicating it still saw value in keeping the ETF. After all, TDIV is a provider of passive income, offering a solid dividend yield of about 1.4% as of April 2.
TDIV is a compelling mix of growth and income tech stocks. Its top holdings include Texas Instruments and Microsoft. Its downside is that its expense ratio of 0.5% is not cheap.
Yet for investors focused on income who want exposure to the technology sector, TDIV may not be a bad choice. It won’t be a pure growth play, but does provide some exposure to the hot artificial intelligence sector through stocks such as Microsoft.
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Robert Izquierdo has positions in Microsoft and Texas Instruments. The Motley Fool has positions in and recommends Microsoft and Texas Instruments. The Motley Fool has a disclosure policy.
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