First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Announces $0.35 Quarterly Dividend

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given 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 is Thursday, September 24th.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.8%

Shares of NASDAQ:TDIV traded down $2.08 during mid-day trading on Thursday, reaching $112.79. 10,115 shares of the stock were exchanged, compared to its average volume of 135,439. The stock’s 50 day simple moving average is $113.66 and its 200-day simple moving average is $109.94. First Trust NASDAQ Technology Dividend Index Fund has a one year low of $90.24 and a one year high of $128.50. The company has a market cap of $4.88 billion, a P/E ratio of 25.63 and a beta of 1.17.

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

Hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,586 shares of the company’s stock worth $336,000 after purchasing an additional 125 shares during the period. Clarus Wealth Advisors lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 1.4% in the second quarter. Clarus Wealth Advisors now owns 10,383 shares of the company’s stock valued at $1,173,000 after purchasing an additional 148 shares during the last quarter. Tucker Asset Management LLC grew its holdings in First Trust NASDAQ Technology Dividend Index Fund by 4.9% during the second quarter. Tucker Asset Management LLC now owns 3,147 shares of the company’s stock valued at $362,000 after purchasing an additional 148 shares during the period. Platform Technology Partners increased its position in First Trust NASDAQ Technology Dividend Index Fund by 5.5% in the first quarter. Platform Technology Partners now owns 3,017 shares of the company’s stock worth $283,000 after buying an additional 156 shares during the last quarter. Finally, Biondo Investment Advisors LLC increased its position in First Trust NASDAQ Technology Dividend Index Fund by 0.7% in the fourth quarter. Biondo Investment Advisors LLC now owns 24,367 shares of the company’s stock worth $2,360,000 after buying an additional 160 shares during 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.