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First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 12-Month High - Here's What Happened

First Trust NASDAQ Technology Dividend Index Fund logo with Manufacturing background

Shares of 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 company traded as high as $92.55 and last traded at $92.42, with a volume of 4599 shares trading hands. The stock had previously closed at $91.95.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 25.42 and a beta of 1.00. The business's 50 day moving average is $84.00 and its 200 day moving average is $79.36.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

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

Several large investors have recently made changes to their positions in TDIV. Millstone Evans Group LLC acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $28,000. Transce3nd LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter worth $36,000. Arlington Trust Co LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter worth $37,000. Bernard Wealth Management Corp. acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at $41,000. Finally, Sound Income Strategies LLC increased its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 16,820.0% in the first quarter. Sound Income Strategies LLC now owns 846 shares of the company's stock worth $62,000 after purchasing an additional 841 shares during the period.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

(Get Free Report)

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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