Arax Advisory Partners Sells 1,389,613 Shares of First Trust TCW Opportunistic Fixed Income ETF $FIXD

Arax Advisory Partners trimmed its stake in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) by 70.0% during the fourth quarter, Holdings Channel reports. The fund owned 596,758 shares of the company’s stock after selling 1,389,613 shares during the quarter. Arax Advisory Partners’ holdings in First Trust TCW Opportunistic Fixed Income ETF were worth $26,448,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BAM Wealth Management LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF in the 4th quarter worth approximately $514,000. Alpha Financial Advisors LLC increased its position in 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 buying an additional 31,524 shares during the period. Merit Financial Group LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF in the 3rd quarter worth approximately $826,000. Farther Finance Advisors LLC increased its position in 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 buying an additional 49,623 shares during the period. Finally, CWM LLC increased its position in 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 buying an additional 13,212 shares during the period.

First Trust TCW Opportunistic Fixed Income ETF Stock Down 0.1%

Shares of NASDAQ FIXD opened at $43.62 on Friday. The business’s 50 day moving average is $43.65 and its two-hundred day moving average is $44.08. First Trust TCW Opportunistic Fixed Income ETF has a 12 month low of $42.51 and a 12 month high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a $0.165 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Thursday, May 21st.

First Trust TCW Opportunistic Fixed Income ETF 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.