First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Reaches New 12-Month Low - Time to Sell?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $62.54 and last traded at $62.76, with a volume of 64083 shares. The stock had previously closed at $65.48.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.6 %

The firm has a 50-day moving average of $76.59 and a 200 day moving average of $78.89. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 25.24 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2703 per share. This is a boost from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, March 27th.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $96,385,000. Bank of America Corp DE raised its holdings in First Trust NASDAQ Technology Dividend Index Fund by 16.0% during the fourth quarter. Bank of America Corp DE now owns 1,378,342 shares of the company's stock worth $108,145,000 after purchasing an additional 190,519 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 30.8% in the fourth quarter. Cetera Investment Advisers now owns 444,864 shares of the company's stock worth $34,904,000 after purchasing an additional 104,769 shares during the period. GAMMA Investing LLC boosted its stake in First Trust NASDAQ Technology Dividend Index Fund by 6,686.5% during the 1st quarter. GAMMA Investing LLC now owns 83,474 shares of the company's stock valued at $6,145,000 after purchasing an additional 82,244 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 13.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 585,370 shares of the company's stock valued at $45,928,000 after purchasing an additional 70,739 shares during the period.

Remove Ads

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.