First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Hits New 52-Week High – Still a Buy?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $83.65 and last traded at $83.65, with a volume of 39130 shares trading hands. The stock had previously closed at $82.65.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

The company’s 50-day simple moving average is $80.55 and its 200 day simple moving average is $79.36. The firm has a market cap of $3.00 billion, a P/E ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The firm 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 was Friday, December 13th.

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

Several institutional investors have recently bought and sold shares of the business. Private Trust Co. NA lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 5.8% during the fourth quarter. Private Trust Co. NA now owns 2,282 shares of the company’s stock valued at $179,000 after purchasing an additional 125 shares during the last quarter. Kraft Davis & Associates LLC lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 1.1% during the third quarter. Kraft Davis & Associates LLC now owns 12,080 shares of the company’s stock valued at $943,000 after purchasing an additional 132 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 0.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 36,653 shares of the company’s stock valued at $2,876,000 after purchasing an additional 135 shares during the last quarter. Global Assets Advisory LLC lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.8% in the 4th quarter. Global Assets Advisory LLC now owns 4,001 shares of the company’s stock worth $314,000 after acquiring an additional 146 shares during the last quarter. Finally, Proactive Wealth Strategies LLC lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.2% in the 4th quarter. Proactive Wealth Strategies LLC now owns 4,036 shares of the company’s stock worth $317,000 after acquiring an additional 162 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.