First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Hits New 1-Year Low – Should You Sell?

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $41.93 and last traded at $41.93, with a volume of 155322 shares. The stock had previously closed at $42.38.

First Trust TCW Opportunistic Fixed Income ETF Trading Down 1.0%

The firm’s fifty day moving average is $42.76 and its 200-day moving average is $43.34.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a $0.1650 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 7,076,780 shares of the company’s stock valued at $313,643,000 after buying an additional 612,706 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 742.9% during the 2nd quarter. Citadel Advisors LLC now owns 485,591 shares of the company’s stock worth $21,177,000 after purchasing an additional 427,984 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 51.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 856,734 shares of the company’s stock worth $37,345,000 after purchasing an additional 291,705 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF during the second quarter worth $122,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 25.3% during the second quarter. NewEdge Advisors LLC now owns 1,073,904 shares of the company’s stock worth $46,833,000 after purchasing an additional 216,559 shares during the last quarter.

First Trust TCW Opportunistic Fixed Income ETF Company Profile

The First Trust TCW Opportunistic Fixed Income ETF (FIXD) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed, broad-based, and broad-maturity bond fund that aims for a weighted average duration within 1 year of the Bloomberg US Aggregate Index. The fund may hold derivatives. FIXD was launched on Feb 14, 2017 and is managed by First Trust.