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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) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $88.12 and last traded at $88.12, with a volume of 5742 shares. The stock had previously closed at $87.01.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The company's 50 day moving average is $79.18 and its 200 day moving average is $78.45. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 25.42 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.2703 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.23%. This is a positive change 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

Institutional investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth approximately $28,000. Transce3nd LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at $36,000. Arlington Trust Co LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter valued at $37,000. Bernard Wealth Management Corp. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at $41,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of 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 worth $62,000 after acquiring an additional 841 shares during the period.

About First Trust NASDAQ Technology Dividend Index Fund

(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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