First Trust NASDAQ Technology Dividend Index Fund to Issue Quarterly Dividend of $0.35 (NASDAQ:TDIV)

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.3497 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

NASDAQ TDIV traded down $2.08 on Thursday, hitting $112.79. The stock had a trading volume of 10,115 shares, compared to its average volume of 135,439. The firm has a 50-day moving average of $113.66 and a 200-day moving average of $109.94. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 25.63 and a beta of 1.17. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $90.24 and a 52-week high of $128.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TDIV. Kirkwood Financial Services purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the second quarter valued at approximately $31,878,000. Kestra Advisory Services LLC increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 203.8% in the 1st quarter. Kestra Advisory Services LLC now owns 183,492 shares of the company’s stock worth $17,186,000 after buying an additional 123,094 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.6% in the 1st quarter. Bank of America Corp DE now owns 1,485,495 shares of the company’s stock worth $139,131,000 after buying an additional 104,853 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 32.3% during the 1st quarter. NewEdge Advisors LLC now owns 397,640 shares of the company’s stock valued at $37,243,000 after buying an additional 97,148 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in First Trust NASDAQ Technology Dividend Index Fund by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 838,304 shares of the company’s stock worth $96,304,000 after acquiring an additional 71,483 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.