First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Announces Dividend Increase – $0.49 Per Share

by · The Markets Daily

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV – Get Free Report) declared a quarterly dividend on Thursday, December 11th, NASDAQ Dividends reports. Shareholders of record on Friday, December 12th will be given a dividend of 0.4949 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, December 12th. This is a 79.2% increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.28.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 3.6%

TDIV stock traded down $3.65 during mid-day trading on Friday, reaching $97.42. 27,231 shares of the company traded hands, compared to its average volume of 115,849. The firm’s 50 day moving average price is $98.54 and its 200 day moving average price is $93.76. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 25.63 and a beta of 1.09. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $62.54 and a fifty-two week high of $103.15.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors have recently made changes to their positions in TDIV. First Pacific Financial bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter valued at about $27,000. Blue Trust Inc. purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter valued at about $27,000. Ameriflex Group Inc. bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter worth approximately $30,000. Cullen Frost Bankers Inc. bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 97.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 469 shares of the company’s stock worth $46,000 after buying an additional 231 shares during the last quarter.

About First Trust NASDAQ Technology Dividend Index Fund

(Get Free Report)

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.

Featured Articles