First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 52-Week High - Time to Buy?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $88.12 and last traded at $88.12, with a volume of 5742 shares traded. The stock had previously closed at $87.01.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The firm has a market cap of $3.23 billion, a P/E ratio of 25.42 and a beta of 1.00. The business's 50-day moving average is $80.37 and its two-hundred day moving average is $78.66.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.3191 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, June 26th.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of TDIV. Howe & Rusling Inc. boosted its position in First Trust NASDAQ Technology Dividend Index Fund by 7.4% during the first quarter. Howe & Rusling Inc. now owns 2,976 shares of the company's stock valued at $219,000 after purchasing an additional 205 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 6.6% in the 1st quarter. Modern Wealth Management LLC now owns 6,778 shares of the company's stock valued at $499,000 after buying an additional 420 shares during the last quarter. Nova Wealth Management Inc. grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 16.3% in the first quarter. Nova Wealth Management Inc. now owns 6,063 shares of the company's stock valued at $446,000 after buying an additional 849 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 9.4% in the first quarter. Geneos Wealth Management Inc. now owns 4,513 shares of the company's stock valued at $332,000 after buying an additional 386 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 7.3% during the first quarter. Focus Partners Wealth now owns 11,082 shares of the company's stock worth $816,000 after buying an additional 756 shares during the last quarter.

About First Trust NASDAQ Technology Dividend Index Fund

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.