First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Trading 2.2% Higher – What’s Next?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) traded up 2.2% on Friday . The stock traded as high as $117.20 and last traded at $116.88. 77,033 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 128,669 shares. The stock had previously closed at $114.35.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 2.2%

The business has a 50-day moving average price of $113.34 and a two-hundred day moving average price of $108.94. The stock has a market capitalization of $4.47 billion, a P/E ratio of 25.63 and a beta of 1.17.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.4231 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 1.4%. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, June 25th.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Great Valley Advisor Group Inc. increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 1.0% in the second quarter. Great Valley Advisor Group Inc. now owns 12,361 shares of the company’s stock valued at $1,115,000 after purchasing an additional 119 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,586 shares of the company’s stock worth $336,000 after purchasing an additional 125 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 4,320 shares of the company’s stock valued at $418,000 after buying an additional 126 shares during the period. Centaurus Financial Inc. grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.6% in the 3rd quarter. Centaurus Financial Inc. now owns 2,658 shares of the company’s stock valued at $262,000 after buying an additional 140 shares during the period. Finally, Clarus Wealth Advisors grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.4% in the 2nd 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.

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.