First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Shares Break Above 50-Day Moving Average – Time to Sell?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $114.46 and traded as high as $114.96. First Trust NASDAQ Technology Dividend Index Fund shares last traded at $114.70, with a volume of 156,174 shares.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 1.3%

The stock has a fifty day moving average of $114.46 and a two-hundred day moving average of $108.12. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 25.63 and a beta of 1.18.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

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

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

A number of large investors have recently made changes to their positions in TDIV. Kingswood Wealth Advisors LLC grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 16,389 shares of the company’s stock worth $1,849,000 after purchasing an additional 105 shares during the period. Sequoia Financial Advisors LLC increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 3.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,586 shares of the company’s stock valued at $336,000 after purchasing an additional 125 shares during the last quarter. 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 buying an additional 148 shares during the period. Tucker Asset Management LLC lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 4.9% in the second quarter. Tucker Asset Management LLC now owns 3,147 shares of the company’s stock valued at $362,000 after buying an additional 148 shares during the period. Finally, Platform Technology Partners lifted its stake 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 valued at $283,000 after buying an additional 156 shares during the period.

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.