First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Increases Dividend to $0.32 Per Share

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) declared a quarterly dividend on Wednesday, June 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 26th will be given a dividend of 0.3191 per share on Monday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, June 26th. This is a 18.1% increase from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.27.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.3%

Shares of NASDAQ TDIV traded up $0.31 during midday trading on Thursday, reaching $89.26. 78,309 shares of the stock were exchanged, compared to its average volume of 130,444. The stock has a 50 day moving average price of $79.96 and a 200-day moving average price of $78.60. The company has a market capitalization of $3.24 billion, a P/E ratio of 25.42 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $62.54 and a 52-week high of $89.27.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust NASDAQ Technology Dividend Index Fund stock. Focus Partners Wealth increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Free Report) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,082 shares of the company's stock after buying an additional 756 shares during the quarter. Focus Partners Wealth's holdings in First Trust NASDAQ Technology Dividend Index Fund were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

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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