First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Stock Price Down 1.4%

Posted by Jeff Wilder on May 26th, 2023

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV – Get Rating) traded down 1.4% during mid-day trading on Wednesday . The stock traded as low as $52.49 and last traded at $52.64. 70,296 shares traded hands during trading, a decline of 41% from the average session volume of 119,607 shares. The stock had previously closed at $53.40.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 3.6 %

The company has a 50 day moving average of $52.59 and a 200-day moving average of $52.20. The stock has a market capitalization of $1.83 billion, a P/E ratio of 14.60 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were paid a $0.178 dividend. The ex-dividend date was Friday, March 24th. This represents a $0.71 dividend on an annualized basis and a yield of 1.29%.

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

Institutional investors have recently made changes to their positions in the stock. Mach 1 Financial Group LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the first quarter valued at $20,554,000. Sunbelt Securities Inc. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the first quarter valued at $32,000. Coston McIsaac & Partners bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter worth approximately $39,000. Hollencrest Capital Management bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $35,000. Finally, Signaturefd LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter worth approximately $47,000.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

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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.