First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 1-Year High – What’s Next?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $85.86 and last traded at $85.72, with a volume of 85494 shares changing hands. The stock had previously closed at $84.83.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The stock has a market cap of $3.16 billion, a PE ratio of 25.15 and a beta of 1.00. The company’s 50 day simple moving average is $76.67 and its 200 day simple moving average is $78.19.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2703 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.25.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TDIV. Modern Wealth Management LLC increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 6.6% in the 1st quarter. Modern Wealth Management LLC now owns 6,778 shares of the company’s stock worth $499,000 after acquiring an additional 420 shares during the last quarter. Nova Wealth Management Inc. increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 16.3% in the first quarter. Nova Wealth Management Inc. now owns 6,063 shares of the company’s stock worth $446,000 after purchasing an additional 849 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 9.4% in the first quarter. Geneos Wealth Management Inc. now owns 4,513 shares of the company’s stock valued at $332,000 after purchasing an additional 386 shares in the last quarter. Focus Partners Wealth lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 7.3% during the first quarter. Focus Partners Wealth now owns 11,082 shares of the company’s stock valued at $816,000 after purchasing an additional 756 shares during the last quarter. Finally, Integrity Alliance LLC. purchased a new position in First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter worth approximately $959,000.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

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.