First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sets New 1-Year Low – Time to Sell?

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) hit a new 52-week low during trading on Monday . The stock traded as low as $42.51 and last traded at $43.27, with a volume of 3362 shares traded. The stock had previously closed at $43.24.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The company’s fifty day simple moving average is $43.75 and its 200 day simple moving average is $44.20.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were paid a $0.165 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, April 21st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. BAM Wealth Management LLC bought a new position in shares of First Trust TCW Opportunistic Fixed Income ETF in the 4th quarter worth about $514,000. Alpha Financial Advisors LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 8.9% in the 4th quarter. Alpha Financial Advisors LLC now owns 384,721 shares of the company’s stock worth $17,051,000 after acquiring an additional 31,524 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of First Trust TCW Opportunistic Fixed Income ETF in the 3rd quarter worth about $826,000. Farther Finance Advisors LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 87.3% in the 4th quarter. Farther Finance Advisors LLC now owns 106,490 shares of the company’s stock worth $4,720,000 after acquiring an additional 49,623 shares in the last quarter. Finally, CWM LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 16.6% in the 4th quarter. CWM LLC now owns 92,702 shares of the company’s stock worth $4,109,000 after acquiring an additional 13,212 shares in 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. The fund may hold derivatives. FIXD was launched on Feb 14, 2017 and is managed by First Trust.