First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 12-Month High - Time to Buy?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $90.22 and last traded at $89.96, with a volume of 14818 shares. The stock had previously closed at $88.98.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The company's fifty day moving average price is $80.77 and its 200-day moving average price is $78.70. The stock has a market cap of $3.27 billion, a P/E ratio of 25.42 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be given a $0.3191 dividend. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Thursday, June 26th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Howe & Rusling Inc. raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.4% in the first quarter. Howe & Rusling Inc. now owns 2,976 shares of the company's stock worth $219,000 after buying an additional 205 shares during the period. Modern Wealth Management LLC grew its position in 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 acquiring an additional 420 shares during the last quarter. Nova Wealth Management Inc. increased its stake in 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 worth $446,000 after purchasing an additional 849 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 9.4% during the first quarter. Geneos Wealth Management Inc. now owns 4,513 shares of the company's stock worth $332,000 after purchasing an additional 386 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in shares of 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 purchasing 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.