First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 52-Week High – Should You Buy?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $118.28 and last traded at $116.99, with a volume of 81079 shares. The stock had previously closed at $117.84.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 0.7%

The stock has a market capitalization of $4.43 billion, a PE ratio of 25.63 and a beta of 1.12. The firm has a 50 day moving average price of $103.70 and a 200 day moving average price of $99.92.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.3153 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.26 annualized dividend and a dividend yield of 1.1%.

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

Several institutional investors have recently modified their holdings of the business. United Advisor Group LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.3% in the fourth quarter. United Advisor Group LLC now owns 5,206 shares of the company’s stock valued at $504,000 after acquiring an additional 119 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of 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 acquiring an additional 119 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.9% in the third quarter. Cornerstone Wealth Management LLC now owns 13,412 shares of the company’s stock valued at $1,322,000 after acquiring an additional 124 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,586 shares of the company’s stock valued at $336,000 after acquiring an additional 125 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 4,320 shares of the company’s stock valued at $418,000 after acquiring an additional 126 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.