First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Hits New 12-Month High - Here's Why

Key Points

• The First Trust NASDAQ Technology Dividend Index Fund (TDIV) reached a new 12-month high, trading at $101.04, significantly up from its previous close of $99.72.
• The fund recently declared a quarterly dividend of $0.2762, equating to an annualized yield of 1.1%, down from prior levels.
• Large investors have been increasing their stakes in TDIV, with notable purchases and raises in holdings by firms such as Crossmark Global Holdings and Blackhawk Capital Partners.

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - ) reached a new 52-week high on Friday . The stock traded as high as $101.04 and last traded at $101.02, with a volume of 33552 shares traded. The stock had previously closed at $99.72.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The business has a fifty day moving average price of $96.56 and a 200 day moving average price of $87.81. The company has a market capitalization of $3.85 billion, a PE ratio of 25.63 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.2762 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, September 25th.

Hedge Funds Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Large investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter worth about $679,000. Gateway Wealth Partners LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 26.1% in the 1st quarter. Gateway Wealth Partners LLC now owns 47,893 shares of the company's stock worth $3,525,000 after purchasing an additional 9,922 shares during the period. Mutual Advisors LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 9.2% in the 1st quarter. Mutual Advisors LLC now owns 4,694 shares of the company's stock worth $341,000 after purchasing an additional 397 shares during the period. Blackhawk Capital Partners LLC. raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 106.4% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,162 shares of the company's stock worth $1,411,000 after purchasing an additional 9,878 shares during the period. Finally, AlphaStar Capital Management LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 15.6% in the 1st quarter. AlphaStar Capital Management LLC now owns 8,194 shares of the company's stock worth $603,000 after purchasing an additional 1,108 shares during the period.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

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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