First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Announces Quarterly Dividend of $0.28

Key Points

• First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) has announced a quarterly dividend of $0.28, with stockholders of record set to be paid on September 30th.
• The fund's shares decreased by 1.1%, trading at $98.40, with a market capitalization of $3.63 billion and a P/E ratio of 25.63.
• Institutional investors have recently adjusted their positions in TDIV, with new acquisitions and significant increases in holdings by various financial firms during the second quarter.

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) announced a quarterly dividend on Wednesday, September 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, September 25th will be paid a dividend of 0.2762 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, September 25th.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.1%

TDIV traded down $1.06 during trading on Thursday, reaching $98.40. 167,534 shares of the company's stock were exchanged, compared to its average volume of 124,802. The business has a 50 day moving average price of $93.26 and a 200 day moving average price of $84.21. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $62.54 and a fifty-two week high of $100.50. The company has a market capitalization of $3.63 billion, a P/E ratio of 25.63 and a beta of 1.00.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. First Pacific Financial acquired a new position in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter worth about $27,000. Blue Trust Inc. acquired a new position in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at about $27,000. Arlington Trust Co LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the first quarter valued at approximately $37,000. Trust Co. of Toledo NA OH acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the second quarter valued at approximately $49,000. Finally, Allworth Financial LP lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 57.9% in the second quarter. Allworth Financial LP now owns 633 shares of the company's stock valued at $57,000 after buying an additional 232 shares during the period.

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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