First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Reaches New 52-Week High - What's Next?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) hit a new 52-week high during mid-day 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 Stock Performance

The firm has a fifty day simple moving average of $75.31 and a 200-day simple moving average of $78.03. The company has a market capitalization of $3.06 billion, a PE ratio of 25.15 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2703 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.3% in the 1st quarter. LPL Financial LLC now owns 2,366,613 shares of the company's stock valued at $174,206,000 after acquiring an additional 119,189 shares during the last quarter. Bank of America Corp DE grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 16.0% during the 4th quarter. Bank of America Corp DE now owns 1,378,342 shares of the company's stock worth $108,145,000 after buying an additional 190,519 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth about $96,385,000. Envestnet Asset Management Inc. grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 6.7% during the first quarter. Envestnet Asset Management Inc. now owns 624,701 shares of the company's stock worth $45,984,000 after acquiring an additional 39,331 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.6% during the first quarter. Royal Bank of Canada now owns 486,637 shares of the company's stock worth $35,822,000 after acquiring an additional 25,912 shares during the last quarter.

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.