First Trust NASDAQ Technology Dividend Index Fund to Issue Quarterly Dividend of $0.35 (NASDAQ:TDIV)

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.3497 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 24th.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

NASDAQ:TDIV traded down $2.20 during mid-day trading on Thursday, reaching $112.67. The company’s stock had a trading volume of 12,310 shares, compared to its average volume of 135,461. The stock has a market cap of $4.88 billion, a P/E ratio of 25.63 and a beta of 1.17. The company’s fifty day simple moving average is $113.66 and its two-hundred day simple moving average is $109.94. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $90.24 and a twelve month high of $128.50.

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

Institutional investors have recently added to or reduced their stakes in the company. Kirkwood Financial Services acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter valued at about $31,878,000. Kestra Advisory Services LLC increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 203.8% in the first quarter. Kestra Advisory Services LLC now owns 183,492 shares of the company’s stock worth $17,186,000 after acquiring an additional 123,094 shares in the last quarter. Bank of America Corp DE raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.6% in 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. NewEdge Advisors LLC lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 32.3% during the 1st quarter. NewEdge Advisors LLC now owns 397,640 shares of the company’s stock valued at $37,243,000 after acquiring an additional 97,148 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 838,304 shares of the company’s stock valued at $96,304,000 after purchasing an additional 71,483 shares in the last quarter.

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.