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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV)’s share price hit a new 52-week high on Friday . The stock traded as high as $100.57 and last traded at $100.26, with a volume of 5447 shares. The stock had previously closed at $99.72.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 25.63 and a beta of 1.00. The stock has a fifty day moving average of $94.25 and a two-hundred day moving average of $85.38.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.2762 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TDIV. Envestnet Asset Management Inc. increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 36.6% during the second quarter. Envestnet Asset Management Inc. now owns 853,225 shares of the company’s stock worth $76,935,000 after buying an additional 228,524 shares during the period. Raymond James Financial Inc. grew its holdings in First Trust NASDAQ Technology Dividend Index Fund by 17.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock worth $125,012,000 after acquiring an additional 202,281 shares during the period. Kestra Investment Management LLC raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 92.3% in the 1st quarter. Kestra Investment Management LLC now owns 342,984 shares of the company’s stock worth $25,247,000 after acquiring an additional 164,667 shares in the last quarter. LPL Financial LLC lifted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.3% in the 1st quarter. LPL Financial LLC now owns 2,366,613 shares of the company’s stock valued at $174,206,000 after purchasing an additional 119,189 shares during the period. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter valued at about $7,056,000.

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.