First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Stock Price Up 1.3% - Time to Buy?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) shares rose 1.3% during mid-day trading on Wednesday . The company traded as high as $76.17 and last traded at $75.90. 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 Price Performance

The company has a market capitalization of $2.76 billion, a P/E ratio of 23.56 and a beta of 1.00. The firm's 50-day moving average is $73.05 and its 200-day moving average is $77.83.

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 paid a $0.2703 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.42%. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 27th.

Hedge Funds Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Wealth Group LLC raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.6% in the fourth quarter. Private Wealth Group LLC now owns 100,123 shares of the company's stock worth $7,856,000 after buying an additional 1,560 shares during the period. Raleigh Capital Management Inc. raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 100.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 514 shares of the company's stock worth $40,000 after acquiring an additional 258 shares during the period. Koshinski Asset Management Inc. lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 3.3% during the fourth quarter. Koshinski Asset Management Inc. now owns 18,918 shares of the company's stock valued at $1,484,000 after purchasing an additional 602 shares in the last quarter. Pure Financial Advisors LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter worth approximately $442,000. Finally, TrueWealth Advisors LLC increased its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.5% in the fourth quarter. TrueWealth Advisors LLC now owns 9,120 shares of the company's stock worth $716,000 after purchasing an additional 633 shares in 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.

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