First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Reaches New 12-Month High – Here’s Why

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $83.23 and last traded at $83.22, with a volume of 12557 shares changing hands. The stock had previously closed at $81.96.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.9 %

The firm has a market cap of $3.04 billion, a PE ratio of 26.61 and a beta of 1.00. The firm has a fifty day simple moving average of $79.81 and a two-hundred day simple moving average of $78.55.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.446 per share. The ex-dividend date of this dividend was Friday, December 13th.

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

Several large investors have recently made changes to their positions in the business. Kraft Davis & Associates LLC boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.1% during the 3rd quarter. Kraft Davis & Associates LLC now owns 12,080 shares of the company’s stock valued at $943,000 after acquiring an additional 132 shares during the last quarter. TrueWealth Advisors LLC grew its position in First Trust NASDAQ Technology Dividend Index Fund by 2.2% during the third quarter. TrueWealth Advisors LLC now owns 8,487 shares of the company’s stock valued at $681,000 after buying an additional 181 shares during the period. Pursue Wealth Partners LLC raised its position in First Trust NASDAQ Technology Dividend Index Fund by 0.3% in the third quarter. Pursue Wealth Partners LLC now owns 75,285 shares of the company’s stock worth $6,045,000 after acquiring an additional 201 shares during the period. WealthBridge Capital Management LLC grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.9% during the 3rd quarter. WealthBridge Capital Management LLC now owns 5,368 shares of the company’s stock valued at $431,000 after acquiring an additional 203 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.0% in the 4th quarter. Atomi Financial Group Inc. now owns 3,442 shares of the company’s stock worth $270,000 after purchasing an additional 224 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.