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

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIVGet Free Report) reached a new 52-week high during trading 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 Stock Performance

The firm has a market cap of $4.13 billion, a PE ratio of 25.63 and a beta of 1.08. The stock’s 50 day simple moving average is $98.42 and its 200 day simple moving average is $98.40.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $27,000. Ameriflex Group Inc. purchased a new position in First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth approximately $30,000. Root Financial Partners LLC purchased a new position in 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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