Royal Bank of Canada Buys 98,254 Shares of First Trust S&P International Dividend Aristocrats ETF $FID

Royal Bank of Canada grew its stake in First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) by 170.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,806 shares of the company’s stock after buying an additional 98,254 shares during the period. Royal Bank of Canada owned approximately 2.12% of First Trust S&P International Dividend Aristocrats ETF worth $3,263,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FID. Gateway Wealth Partners LLC raised its stake in shares of First Trust S&P International Dividend Aristocrats ETF by 132.1% in the 1st quarter. Gateway Wealth Partners LLC now owns 148,978 shares of the company’s stock valued at $3,120,000 after acquiring an additional 84,787 shares in the last quarter. Ethos Financial Group LLC acquired a new position in First Trust S&P International Dividend Aristocrats ETF during the first quarter valued at approximately $1,736,000. LPL Financial LLC raised its position in shares of First Trust S&P International Dividend Aristocrats ETF by 7.9% in the fourth quarter. LPL Financial LLC now owns 1,119,453 shares of the company’s stock valued at $23,005,000 after purchasing an additional 81,728 shares during the period. Jane Street Group LLC bought a new position in First Trust S&P International Dividend Aristocrats ETF in the 1st quarter worth $876,000. Finally, Wagner Wealth Management LLC lifted its position in First Trust S&P International Dividend Aristocrats ETF by 6.9% during the 4th quarter. Wagner Wealth Management LLC now owns 769,882 shares of the company’s stock worth $15,821,000 after acquiring an additional 49,669 shares during the last quarter.

First Trust S&P International Dividend Aristocrats ETF Price Performance

FID stock opened at $23.25 on Friday. The stock has a market capitalization of $173.21 million, a price-to-earnings ratio of 13.94 and a beta of 0.57. The company has a 50-day moving average of $22.14 and a two-hundred day moving average of $21.86. First Trust S&P International Dividend Aristocrats ETF has a 52-week low of $19.16 and a 52-week high of $23.25.

First Trust S&P International Dividend Aristocrats ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 6.6%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust S&P International Dividend Aristocrats ETF’s previous quarterly dividend of $0.05.

First Trust S&P International Dividend Aristocrats ETF Company Profile

The First Trust S&P International Dividend Aristocrats Fund (FID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of up to 100 high-dividend-yielding stocks from developed and emerging markets, ex-US. Constituents are selected and weighted by dividends, with screens for payout ratio and long-term dividend growth. FID was launched on Aug 23, 2013 and is managed by First Trust.