First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Trading 0% Higher – Time to Buy?

Shares of First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) were 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 changed hands during mid-day trading, a decline of 37% from the average daily volume of 124,578 shares. The stock had previously closed at $77.03.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.1 %

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

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.2703 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.44%. 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.

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

Hedge funds have recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth approximately $28,000. Transce3nd LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth $36,000. Raleigh Capital Management Inc. grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 100.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 514 shares of the company’s stock worth $40,000 after acquiring an additional 258 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth $41,000. Finally, ORG Partners LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at $47,000.

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.