Royal Bank of Canada Raises Stock Position in First Trust Indxx Global Natural Resources Income ETF $FTRI

Royal Bank of Canada grew its holdings in shares of First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) by 19.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 810,328 shares of the company’s stock after buying an additional 131,076 shares during the quarter. Royal Bank of Canada owned 10.52% of First Trust Indxx Global Natural Resources Income ETF worth $14,464,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in First Trust Indxx Global Natural Resources Income ETF during the fourth quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the 2nd quarter worth approximately $25,000. Comerica Bank increased its position in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% during the 1st quarter. Comerica Bank now owns 5,500 shares of the company’s stock valued at $73,000 after purchasing an additional 3,000 shares during the last quarter. FSB Premier Wealth Management Inc. purchased a new stake in First Trust Indxx Global Natural Resources Income ETF during the 4th quarter valued at $185,000. Finally, Van Diest Capital LLC bought a new stake in First Trust Indxx Global Natural Resources Income ETF in the fourth quarter worth $248,000.

First Trust Indxx Global Natural Resources Income ETF Stock Up 2.2%

NASDAQ FTRI opened at $17.54 on Friday. The company has a fifty day moving average of $16.50 and a two-hundred day moving average of $17.36. The firm has a market capitalization of $130.67 million, a price-to-earnings ratio of 15.66 and a beta of 0.58. First Trust Indxx Global Natural Resources Income ETF has a 52 week low of $14.35 and a 52 week high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.0945 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07.

First Trust Indxx Global Natural Resources Income ETF Profile

First Trust ISE Global Copper Index Fund is an exchange traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the ISE Global Copper Index. The ISE Global Copper Index is designed to provide the investors interested in tracking public companies, which are active in the copper mining industry based on analysis of revenue derived from the sale of copper. The issuers of the component securities of the index must be engaged in some aspect of the copper mining industry, such as copper mining, refining or exploration.