First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sees Strong Trading Volume – Still a Buy?

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) shares saw unusually-strong trading volume on Monday . Approximately 1,099,242 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 825,463 shares.The stock last traded at $43.85 and had previously closed at $43.68.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The firm has a fifty day moving average of $43.29 and a 200-day moving average of $43.82.

First Trust TCW Opportunistic Fixed Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.155 dividend. This is an increase from First Trust TCW Opportunistic Fixed Income ETF’s previous monthly dividend of $0.15. This represents a $1.86 annualized dividend and a yield of 4.25%. The ex-dividend date was Friday, February 21st.

Hedge Funds Weigh In On First Trust TCW Opportunistic Fixed Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIXD. Raymond James Financial Inc. purchased a new position in First Trust TCW Opportunistic Fixed Income ETF in the 4th quarter valued at about $158,285,000. Coppell Advisory Solutions LLC lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 92.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,992,193 shares of the company’s stock worth $85,933,000 after purchasing an additional 954,342 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 170.7% during the third quarter. Thrivent Financial for Lutherans now owns 993,616 shares of the company’s stock worth $44,951,000 after purchasing an additional 626,542 shares during the last quarter. LPL Financial LLC lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 7.0% during the third quarter. LPL Financial LLC now owns 9,430,365 shares of the company’s stock worth $426,630,000 after purchasing an additional 615,776 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 297,136.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 428,021 shares of the company’s stock worth $18,392,000 after purchasing an additional 427,877 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.