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First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Stock Price Up 1.3% - Here's Why

First Trust NASDAQ Technology Dividend Index Fund logo with Manufacturing background

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

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.3 %

The company has a market capitalization of $2.76 billion, a P/E ratio of 23.56 and a beta of 1.00. The company has a 50 day moving average price of $73.05 and a 200 day moving average price of $77.83.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2703 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.08 dividend on an annualized basis and a yield of 1.42%. 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

Several hedge funds have recently bought and sold shares of the stock. Millstone Evans Group LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth approximately $28,000. Transce3nd LLC bought a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth $36,000. Arlington Trust Co LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the first quarter worth $37,000. Raleigh Capital Management Inc. boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 100.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 514 shares of the company's stock valued at $40,000 after acquiring 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 fourth quarter valued at about $41,000.

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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