Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $84.18 and last traded at $84.18, with a volume of 20165 shares traded. The stock had previously closed at $83.57.
First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.4%
The firm's fifty day simple moving average is $75.31 and its two-hundred day simple moving average is $78.02. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 25.15 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, March 31st. Investors of record on Thursday, March 27th were issued a $0.2703 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.29%.
Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDIV. Millstone Evans Group LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth $28,000. Transce3nd LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at about $36,000. Arlington Trust Co LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the first quarter worth about $37,000. Bernard Wealth Management Corp. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at about $41,000. Finally, Sound Income Strategies LLC raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 16,820.0% in the 1st quarter. Sound Income Strategies LLC now owns 846 shares of the company's stock valued at $62,000 after acquiring an additional 841 shares during the period.
About First Trust NASDAQ Technology Dividend Index Fund
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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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