First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Reaches New 52-Week High – What’s Next?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIVGet Free Report) shares hit a new 52-week high on Friday . The company traded as high as $108.55 and last traded at $108.3570, with a volume of 2317 shares. The stock had previously closed at $108.03.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.8%

The stock has a market capitalization of $4.13 billion, a P/E ratio of 25.63 and a beta of 1.08. The stock’s fifty day moving average price is $98.42 and its two-hundred day moving average price is $98.40.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.3153 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

A number of hedge funds have recently made changes to their positions in TDIV. Allspring Global Investments Holdings LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $27,000. Ameriflex Group Inc. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth approximately $30,000. Root Financial Partners LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter worth approximately $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth approximately $36,000. Finally, Torren Management LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter worth approximately $37,000.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

(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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