Royal Bank of Canada Cuts Stake in First Trust Strategic Income ETF (NASDAQ:FDIV)

Royal Bank of Canada reduced its stake in First Trust Strategic Income ETF (NASDAQ:FDIV) by 2.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 171,376 shares of the company’s stock after selling 3,550 shares during the period. Royal Bank of Canada owned about 0.11% of First Trust Strategic Income ETF worth $8,620,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of First Trust Strategic Income ETF by 58.0% in the 2nd quarter. CWM LLC now owns 948 shares of the company’s stock worth $48,000 after buying an additional 348 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new position in shares of First Trust Strategic Income ETF in the 2nd quarter worth about $173,000. Cetera Advisors LLC boosted its holdings in shares of First Trust Strategic Income ETF by 54.0% in the 2nd quarter. Cetera Advisors LLC now owns 4,450 shares of the company’s stock worth $224,000 after buying an additional 1,560 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of First Trust Strategic Income ETF in the 2nd quarter worth about $246,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of First Trust Strategic Income ETF in the 2nd quarter worth about $675,000.

Shares of NASDAQ:FDIV opened at $50.37 on Wednesday. The company’s 50-day moving average is $50.62 and its 200 day moving average is $50.24. First Trust Strategic Income ETF has a fifty-two week low of $45.24 and a fifty-two week high of $51.84.



The firm also recently disclosed a — dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.16 per share. This represents a yield of 4.2%. The ex-dividend date was Wednesday, September 25th.

See Also: How does the Federal Reserve determine interest rates?

Want to see what other hedge funds are holding FDIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Strategic Income ETF (NASDAQ:FDIV).

Institutional Ownership by Quarter for First Trust Strategic Income ETF (NASDAQ:FDIV)

Receive News & Ratings for First Trust Strategic Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Strategic Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.