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) passed above its 50 day moving average during trading on Monday. The stock has a 50 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 trading hands.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 25.63 and a beta of 1.18. The business’s 50-day moving average is $114.46 and its two-hundred day moving average is $108.12.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

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

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

Several large investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 7.6% during the 1st quarter. Bank of America Corp DE now owns 1,485,495 shares of the company’s stock worth $139,131,000 after purchasing an additional 104,853 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 838,304 shares of the company’s stock valued at $96,304,000 after buying an additional 71,483 shares in the last quarter. NewEdge Advisors LLC lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 6.8% in the second quarter. NewEdge Advisors LLC now owns 424,544 shares of the company’s stock valued at $48,772,000 after buying an additional 26,904 shares in the last quarter. Kirkwood Financial Services bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the second quarter valued at approximately $31,878,000. Finally, IFP Advisors Inc lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 2.6% in the second quarter. IFP Advisors Inc now owns 194,679 shares of the company’s stock valued at $22,365,000 after buying an additional 4,851 shares in the last quarter.

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.