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

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

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

The company’s fifty day moving average price is $80.55 and its 200-day moving average price is $79.36. The stock 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 business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.446 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDIV. Millstone Evans Group LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at about $28,000. Transce3nd LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at about $36,000. Raleigh Capital Management Inc. increased its position in First Trust NASDAQ Technology Dividend Index Fund by 100.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 514 shares of the company’s stock valued at $40,000 after purchasing an additional 258 shares during the period. ORG Partners LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at about $47,000. Finally, Venturi Wealth Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter valued at about $57,000.

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.