First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Trading Up 0.2% – What’s Next?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV)’s stock price rose 0.2% during trading on Monday . The company traded as high as $93.15 and last traded at $92.51. Approximately 78,132 shares traded hands during trading, a decline of 39% from the average daily volume of 128,570 shares. The stock had previously closed at $92.29.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The firm has a market capitalization of $3.39 billion, a P/E ratio of 25.63 and a beta of 1.00. The firm’s fifty day moving average price is $86.28 and its 200-day moving average price is $79.97.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.3191 dividend. The ex-dividend date was Thursday, June 26th. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a yield of 1.38%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of TDIV. Millstone Evans Group LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at approximately $28,000. Modern Wealth Management LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth approximately $586,000. PKS Advisory Services LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter worth about $591,000. Morey & Quinn Wealth Partners LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter worth $2,455,000. Finally, JPMorgan Chase & Co. lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 12.4% during the 4th quarter. JPMorgan Chase & Co. now owns 43,830 shares of the company’s stock worth $3,439,000 after buying an additional 4,852 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.