First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Hits New 12-Month High – Time to Buy?

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $45.16 and last traded at $44.5290, with a volume of 14517 shares trading hands. The stock had previously closed at $44.50.

First Trust TCW Opportunistic Fixed Income ETF Trading Up 0.3%

The business’s 50-day simple moving average is $44.55 and its 200-day simple moving average is $43.89.

First Trust TCW Opportunistic Fixed Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, October 21st. This is a boost from First Trust TCW Opportunistic Fixed Income ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FIXD. DAVENPORT & Co LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 8.3% in the 1st quarter. DAVENPORT & Co LLC now owns 5,978 shares of the company’s stock valued at $262,000 after acquiring an additional 458 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 10.5% in the 1st quarter. Cutter & CO Brokerage Inc. now owns 54,430 shares of the company’s stock valued at $2,386,000 after acquiring an additional 5,154 shares during the last quarter. Signaturefd LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 33.3% in the 1st quarter. Signaturefd LLC now owns 2,000 shares of the company’s stock valued at $88,000 after acquiring an additional 500 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 12.8% in the 1st quarter. Bogart Wealth LLC now owns 3,170 shares of the company’s stock valued at $139,000 after acquiring an additional 359 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 65.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 123,064 shares of the company’s stock valued at $5,395,000 after acquiring an additional 48,699 shares during the last quarter.

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.