First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $85.86 and last traded at $85.72, with a volume of 85494 shares trading hands. The stock had previously closed at $84.83.
First Trust NASDAQ Technology Dividend Index Fund Price Performance
The company has a market cap of $3.16 billion, a price-to-earnings ratio of 25.15 and a beta of 1.00. The firm's 50 day simple moving average is $76.67 and its 200-day simple moving average is $78.19.
First Trust NASDAQ Technology Dividend Index Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.2703 dividend. This represents a $1.08 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, March 27th. This is an increase 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
A number of institutional investors and hedge funds have recently made changes to their positions in TDIV. Stephens Inc. AR raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 43.9% in the fourth quarter. Stephens Inc. AR now owns 3,902 shares of the company's stock valued at $306,000 after buying an additional 1,191 shares during the last quarter. Centerpoint Advisory Group purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at about $554,000. Principal Securities Inc. raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 25.6% in the fourth quarter. Principal Securities Inc. now owns 4,145 shares of the company's stock valued at $325,000 after buying an additional 846 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at about $347,000. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 33,763 shares of the company's stock valued at $2,649,000 after buying an additional 796 shares during the last quarter.
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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