First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Reaches New 1-Year High - Here's Why

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $92.55 and last traded at $92.42, with a volume of 4599 shares. The stock had previously closed at $91.95.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.2%

The company has a market cap of $3.38 billion, a P/E ratio of 25.42 and a beta of 1.00. The business's fifty day moving average is $83.63 and its 200 day moving average is $79.28.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.3191 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, June 26th. This is a boost from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.27.

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

A number of hedge funds have recently modified their holdings of TDIV. Millstone Evans Group LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $28,000. Transce3nd LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $36,000. Arlington Trust Co LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter valued at $37,000. Bernard Wealth Management Corp. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $41,000. Finally, Sound Income Strategies LLC raised its holdings in First Trust NASDAQ Technology Dividend Index Fund by 16,820.0% during 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.

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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