First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Hits New 1-Year High - Still a Buy?

Key Points

• The First Trust NASDAQ Technology Dividend Index Fund (TDIV) has reached a new 52-week high of $93.34 during mid-day trading, with a recent trading volume of 1,750 shares.
• The fund increased its quarterly dividend to $0.3191 per share, up from the previous $0.27, representing a yield of 1.4% based on an annualized dividend of $1.28.
• Various institutional investors have shown interest in TDIV, acquiring new positions worth amounts ranging between $27,000 and $49,000 over recent quarters.

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - )'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $93.34 and last traded at $93.34, with a volume of 1750 shares changing hands. The stock had previously closed at $92.73.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 0.6%

The business's fifty day moving average is $91.03 and its 200-day moving average is $82.11. The stock has a market capitalization of $3.44 billion, a PE ratio of 25.63 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.3191 per share. This is an increase from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, June 26th.

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

Several institutional investors have recently bought and sold shares of the business. First Pacific Financial acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth $27,000. Blue Trust Inc. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth $27,000. Arlington Trust Co LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the first quarter worth $37,000. Bernard Wealth Management Corp. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth $41,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth $49,000.

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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