First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Hits New 1-Year High – Time to Buy?

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

First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.3 %

The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. The stock has a 50-day simple moving average of $79.95 and a 200-day simple moving average of $78.62.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 100.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 514 shares of the company’s stock worth $40,000 after purchasing an additional 258 shares during the last quarter. ORG Partners LLC bought a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth approximately $47,000. Venturi Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth approximately $57,000. Darwin Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter valued at approximately $60,000. Finally, GAMMA Investing LLC raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 42.9% during the 4th quarter. GAMMA Investing LLC now owns 1,230 shares of the company’s stock valued at $97,000 after acquiring an additional 369 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.