First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Hits New 52-Week Low – What’s Next?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) hit a new 52-week low during mid-day trading on Monday . The stock 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 Down 0.8 %

The company has a market cap of $2.35 billion, a price-to-earnings ratio of 25.24 and a beta of 1.00. The stock has a 50-day simple moving average of $78.27 and a 200-day simple moving average of $79.46.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.2703 dividend. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 27th. This represents a $1.08 annualized dividend and a dividend yield of 1.66%.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDIV. Bank of America Corp DE raised its holdings in shares of 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 valued at $108,145,000 after acquiring an additional 190,519 shares during the period. Raymond James Financial Inc. purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at about $96,385,000. Envestnet Asset Management Inc. lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 13.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 585,370 shares of the company’s stock worth $45,928,000 after purchasing an additional 70,739 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.8% during the fourth quarter. Royal Bank of Canada now owns 460,725 shares of the company’s stock worth $36,148,000 after purchasing an additional 20,989 shares during the period. Finally, Cetera Investment Advisers increased its stake 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 valued at $34,904,000 after buying an additional 104,769 shares during the period.

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.