First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Trading 0% Higher – Here’s Why

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) traded up 0% during mid-day trading on Tuesday . The company traded as high as $77.34 and last traded at $77.06. 77,890 shares were traded during trading, a decline of 37% from the average session volume of 124,578 shares. The stock had previously closed at $77.03.

First Trust NASDAQ Technology Dividend Index Fund Trading Down 1.1 %

The company’s 50-day moving average is $79.61 and its 200 day moving average is $79.68. The firm has a market cap of $2.74 billion, a PE ratio of 26.07 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.2703 per share. The ex-dividend date is Thursday, March 27th. This is a positive change 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 yield of 1.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDIV. Raymond James Financial Inc. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $96,385,000. Bank of America Corp DE grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 16.0% in the fourth quarter. Bank of America Corp DE now owns 1,378,342 shares of the company’s stock valued at $108,145,000 after purchasing an additional 190,519 shares in the last quarter. Cetera Investment Advisers increased its position in First Trust NASDAQ Technology Dividend Index Fund by 30.8% in the 4th 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 last quarter. Benjamin Edwards Inc. raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 2,785.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 98,489 shares of the company’s stock worth $7,910,000 after purchasing an additional 95,076 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings 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 buying an additional 70,739 shares during the last quarter.

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.