First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 12-Month High – Time to Buy?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $114.95 and last traded at $115.7250, with a volume of 2221 shares changing hands. The stock had previously closed at $111.99.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The firm has a market cap of $4.40 billion, a PE ratio of 25.63 and a beta of 1.12. The firm has a 50-day simple moving average of $102.02 and a 200 day simple moving average of $99.42.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.3153 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.26 annualized dividend and a yield of 1.1%.

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

Several large investors have recently modified their holdings of TDIV. Allspring Global Investments Holdings LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth about $27,000. Ameriflex Group Inc. purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth about $30,000. Root Financial Partners LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter worth about $33,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth about $36,000. Finally, Torren Management LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter worth about $37,000.

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.