First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sees Strong Trading Volume – Time to Buy?

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw strong trading volume on Tuesday. Approximately 569,954 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 386,359 shares. The stock last traded at $41.34 and had previously closed at $41.39.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The business has a 50-day moving average price of $42.69 and a 200-day moving average price of $43.30.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be issued a $0.1650 dividend. This represents a $1.98 annualized dividend and a yield of 4.8%. The ex-dividend date is Thursday, September 24th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FIXD. LPL Financial LLC grew its holdings in shares of 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 purchasing an additional 612,706 shares during the period. Envestnet Asset Management Inc. boosted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,317,649 shares of the company’s stock valued at $101,073,000 after purchasing an additional 56,459 shares during the last quarter. Royal Bank of Canada grew its stake 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 buying an additional 102,253 shares during the period. NewEdge Advisors LLC grew 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 buying an additional 216,559 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 51.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 856,734 shares of the company’s stock worth $37,345,000 after buying 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.