First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 1-Year High - Time to Buy?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) hit a new 52-week high on Wednesday . The company 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 firm has a market cap of $3.13 billion, a price-to-earnings ratio of 25.15 and a beta of 1.00. The firm has a fifty day simple moving average of $77.10 and a two-hundred day simple moving average of $78.22.

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 given a dividend of $0.2703 per share. This is a boost from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

A number of institutional investors have recently made changes to their positions in TDIV. Millstone Evans Group LLC purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at $28,000. Transce3nd LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth about $36,000. Arlington Trust Co LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter worth about $37,000. Bernard Wealth Management Corp. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth about $41,000. Finally, Sound Income Strategies LLC boosted its position 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 purchasing an additional 841 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.