First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Trading 1.3% Higher - What's Next?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) rose 1.3% during trading on Wednesday . The company traded as high as $76.17 and last traded at $75.90. Approximately 88,172 shares changed 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 Stock 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 capitalization 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.2703 dividend. This is an increase from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, March 27th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.3% during the first quarter. LPL Financial LLC now owns 2,366,613 shares of the company's stock worth $174,206,000 after buying an additional 119,189 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 16.0% during the fourth quarter. Bank of America Corp DE now owns 1,378,342 shares of the company's stock worth $108,145,000 after buying an additional 190,519 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth approximately $96,385,000. Envestnet Asset Management Inc. boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 6.7% during the first quarter. Envestnet Asset Management Inc. now owns 624,701 shares of the company's stock worth $45,984,000 after buying an additional 39,331 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.8% during the fourth quarter. Royal Bank of Canada now owns 460,725 shares of the company's stock worth $36,148,000 after buying an additional 20,989 shares during the period.

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.