First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sets New 52-Week High – Here’s What Happened

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $81.42 and last traded at $81.33, with a volume of 26437 shares changing hands. The stock had previously closed at $80.40.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The company has a market cap of $2.94 billion, a PE ratio of 26.61 and a beta of 1.00. The company has a fifty day moving average of $76.82 and a two-hundred day moving average of $74.05.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.2456 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors have recently added to or reduced their stakes in TDIV. Fifth Third Bancorp grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 138.9% during the second quarter. Fifth Third Bancorp now owns 454 shares of the company’s stock valued at $34,000 after buying an additional 264 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at $47,000. Creekmur Asset Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $68,000. Centaurus Financial Inc. bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter valued at $107,000. Finally, International Assets Investment Management LLC purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the second quarter worth $143,000.

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.