Royal Bank of Canada Has $2.79 Million Stock Position in First Trust SSI Strategic Convertible Securities ETF $FCVT

Royal Bank of Canada trimmed its position in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) by 29.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,079 shares of the company’s stock after selling 25,782 shares during the quarter. Royal Bank of Canada owned about 2.68% of First Trust SSI Strategic Convertible Securities ETF worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FCVT. Truist Financial Corp bought a new position in First Trust SSI Strategic Convertible Securities ETF in the 4th quarter worth $831,000. Plus Group Wealth Advisors LLC bought a new stake in First Trust SSI Strategic Convertible Securities ETF during the fourth quarter valued at about $1,116,000. Milestones Private Investment Advisors LLC boosted its holdings in First Trust SSI Strategic Convertible Securities ETF by 13.4% during the first quarter. Milestones Private Investment Advisors LLC now owns 27,583 shares of the company’s stock valued at $1,219,000 after acquiring an additional 3,255 shares during the period. Hershey Financial Advisers LLC boosted its holdings in First Trust SSI Strategic Convertible Securities ETF by 3.6% during the first quarter. Hershey Financial Advisers LLC now owns 24,336 shares of the company’s stock valued at $1,075,000 after acquiring an additional 846 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of First Trust SSI Strategic Convertible Securities ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 32,850 shares of the company’s stock valued at $1,451,000 after purchasing an additional 931 shares during the last quarter.

First Trust SSI Strategic Convertible Securities ETF Trading Down 0.4%

First Trust SSI Strategic Convertible Securities ETF stock opened at $51.75 on Monday. The business’s 50-day simple moving average is $51.36 and its 200-day simple moving average is $49.01. First Trust SSI Strategic Convertible Securities ETF has a 52 week low of $39.22 and a 52 week high of $54.90.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a dividend of $0.045 per share. The ex-dividend date was Tuesday, July 21st. This represents a c) annualized dividend and a yield of 1.0%.

First Trust SSI Strategic Convertible Securities ETF Profile

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.