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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $114.95 and last traded at $115.7250, with a volume of 2221 shares traded. The stock had previously closed at $111.99.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 2.5%

The firm has a fifty day moving average of $102.02 and a 200 day moving average of $99.42. The company has a market capitalization of $4.40 billion, a P/E ratio of 25.63 and a beta of 1.12.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 dividend yield of 1.1%. The ex-dividend date was Thursday, March 26th.

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

A number of large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 313,180 shares of the company’s stock valued at $29,332,000 after purchasing an additional 12,688 shares during the period. Bank of America Corp DE grew its stake in shares of 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 valued at $139,131,000 after acquiring an additional 104,853 shares during the period. Centaurus Financial Inc. grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 22.3% during the 1st quarter. Centaurus Financial Inc. now owns 3,112 shares of the company’s stock valued at $291,000 after acquiring an additional 567 shares during the period. Arkadios Wealth Advisors grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.4% during the 1st quarter. Arkadios Wealth Advisors now owns 10,463 shares of the company’s stock valued at $980,000 after acquiring an additional 723 shares during the period. Finally, IFS Group LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter valued at approximately $502,000.

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.