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

Shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw strong trading volume on Wednesday . 1,284,230 shares changed hands during trading, an increase of 20% from the previous session’s volume of 1,068,164 shares.The stock last traded at $42.84 and had previously closed at $42.43.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The firm’s 50-day moving average is $43.34 and its 200-day moving average is $44.08.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.145 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, December 13th.

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

A number of large investors have recently modified their holdings of FIXD. Icon Wealth Advisors LLC purchased a new stake in First Trust TCW Opportunistic Fixed Income ETF in the third quarter worth approximately $112,000. Daymark Wealth Partners LLC bought a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF in the 3rd quarter worth approximately $228,000. Avidian Wealth Enterprises LLC lifted its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 6.1% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 5,503 shares of the company’s stock worth $249,000 after acquiring an additional 318 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF in the 3rd quarter valued at $257,000. Finally, International Assets Investment Management LLC bought a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the 4th quarter valued at $277,000.

About First Trust TCW Opportunistic Fixed Income ETF

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.