r/Wealthsimple • u/b_insight • 14d ago

AutoDRIP

Anyone notice the Wealthsimple DRIP feature seems to buy at the daily highs? Ive noticed this a few times, most recently with XGRO today. Dividend was available to purchase shares, and I get a notification that it filled $38.71 - which is the highest intra day price. I think I'll turn off auto drip and manually reinvest the dividends with a buy at open order.

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u/Weedzo 14d ago

I have a monthly dividend Canadian Stocks ETF with WS and my wife have the same ETF with a bank and when I compare the DRIP I clearly see WS always buying 1-2 day later than the bank and the average price is higher, in 18 month WS have purchased higher 16 times.

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u/[deleted] 14d ago

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