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

Shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw strong trading volume on Tuesday . 1,853,700 shares were traded during mid-day trading, an increase of 379% from the previous session’s volume of 387,166 shares.The stock last traded at $42.20 and had previously closed at $42.22.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

The stock has a fifty day simple moving average of $42.95 and a 200-day simple moving average of $43.48.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.165 dividend. The ex-dividend date was Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Institutional Trading of First Trust TCW Opportunistic Fixed Income ETF

Several hedge funds have recently modified their holdings of FIXD. LPL Financial LLC boosted its stake in 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 acquiring an additional 612,706 shares during the last quarter. Royal Bank of Canada grew its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 7.1% in the 1st quarter. Royal Bank of Canada now owns 1,537,064 shares of the company’s stock valued at $67,000,000 after purchasing an additional 102,253 shares during the period. HighTower Advisors LLC increased its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 70.6% during the fourth quarter. HighTower Advisors LLC now owns 1,440,912 shares of the company’s stock worth $63,861,000 after acquiring an additional 596,226 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,073,904 shares of the company’s stock valued at $46,833,000 after purchasing an additional 216,559 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 51.6% in the first quarter. Geneos Wealth Management Inc. now owns 856,734 shares of the company’s stock valued at $37,345,000 after purchasing an additional 291,705 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.