First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Hits New 1-Year High at $70.66

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIVGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $70.66 and last traded at $70.57, with a volume of 4514 shares. The stock had previously closed at $69.82.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The company’s fifty day moving average price is $66.09 and its 200-day moving average price is $61.41. The stock has a market cap of $2.42 billion, a P/E ratio of 14.60 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were issued a dividend of $0.4503 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDIV. UBS Group AG lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 28.8% during the 4th quarter. UBS Group AG now owns 1,082,866 shares of the company’s stock valued at $69,401,000 after buying an additional 242,111 shares in the last quarter. International Assets Investment Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at about $11,680,000. Raymond James Financial Services Advisors Inc. increased its position in First Trust NASDAQ Technology Dividend Index Fund by 16.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 982,740 shares of the company’s stock valued at $55,122,000 after purchasing an additional 137,393 shares during the period. D.A. Davidson & CO. increased its position in First Trust NASDAQ Technology Dividend Index Fund by 117.3% during the 2nd quarter. D.A. Davidson & CO. now owns 235,325 shares of the company’s stock valued at $13,804,000 after purchasing an additional 127,012 shares during the period. Finally, Royal Bank of Canada increased its position in First Trust NASDAQ Technology Dividend Index Fund by 46.8% during the 1st quarter. Royal Bank of Canada now owns 384,606 shares of the company’s stock valued at $22,669,000 after purchasing an additional 122,606 shares during the period.

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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