First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 52-Week High – Here’s Why

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) shares hit a new 52-week high during trading on Thursday . The company traded as high as $118.28 and last traded at $116.99, with a volume of 81079 shares traded. The stock had previously closed at $117.84.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The stock has a market capitalization of $4.67 billion, a P/E ratio of 25.63 and a beta of 1.12. The stock has a 50 day moving average of $104.72 and a 200 day moving average of $100.23.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.3153 per share. This represents a $1.26 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TDIV. Jane Street Group LLC bought a new position in First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter worth $1,979,000. Focus Partners Wealth grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 7.3% during the 1st quarter. Focus Partners Wealth now owns 11,082 shares of the company’s stock worth $816,000 after buying an additional 756 shares during the last quarter. Cerity Partners LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the second quarter worth $222,000. Qube Research & Technologies Ltd grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 3,107.8% in the second quarter. Qube Research & Technologies Ltd now owns 9,014 shares of the company’s stock worth $813,000 after purchasing an additional 8,733 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the second quarter worth $67,000.

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.