First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Trading 1.3% Higher - Here's Why

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) shares traded up 1.3% during trading on Wednesday . The company traded as high as $76.17 and last traded at $75.90. 88,172 shares changed hands during trading, a decline of 36% from the average session volume of 138,150 shares. The stock had previously closed at $74.96.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.4%

The stock has a 50-day simple moving average of $73.06 and a 200 day simple moving average of $77.74. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 25.15 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2703 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.08 dividend on an annualized basis and a yield of 1.33%. This is a boost from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth about $28,000. Transce3nd LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at about $36,000. Arlington Trust Co LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter valued at about $37,000. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 100.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 514 shares of the company's stock valued at $40,000 after buying an additional 258 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at about $41,000.

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.