First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Reaches New 12-Month High – Time to Buy?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) hit a new 52-week high during trading on Tuesday . The stock traded as high as $88.12 and last traded at $88.12, with a volume of 5742 shares. The stock had previously closed at $87.01.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The stock has a 50 day moving average price of $79.96 and a two-hundred day moving average price of $78.60. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 25.42 and a beta of 1.00.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.4% during the first quarter. Howe & Rusling Inc. now owns 2,976 shares of the company’s stock valued at $219,000 after purchasing an additional 205 shares during the last quarter. Modern Wealth Management LLC lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 6.6% during the 1st quarter. Modern Wealth Management LLC now owns 6,778 shares of the company’s stock worth $499,000 after buying an additional 420 shares in the last quarter. Nova Wealth Management Inc. lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 16.3% during the 1st quarter. Nova Wealth Management Inc. now owns 6,063 shares of the company’s stock worth $446,000 after buying an additional 849 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in First Trust NASDAQ Technology Dividend Index Fund by 9.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,513 shares of the company’s stock valued at $332,000 after buying an additional 386 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.3% in the 1st quarter. Focus Partners Wealth now owns 11,082 shares of the company’s stock valued at $816,000 after buying an additional 756 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.