First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Share Price Breaks Above Two Hundred Day Moving Average – What’s Next?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $108.85 and traded as high as $112.06. First Trust NASDAQ Technology Dividend Index Fund shares last traded at $111.52, with a volume of 182,501 shares trading hands.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The firm has a market capitalization of $4.36 billion, a PE ratio of 21.19 and a beta of 1.20. The firm has a fifty day moving average price of $114.11 and a 200 day moving average price of $109.00.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.3497 per share. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, September 24th. This is a drop from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.4231.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter worth approximately $39,000. Hantz Financial Services Inc. purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter worth approximately $43,000. Sunbelt Securities Inc. raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 65.4% during the 1st quarter. Sunbelt Securities Inc. now owns 506 shares of the company’s stock valued at $47,000 after purchasing an additional 200 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter valued at $49,000.

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.