First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Hits New 1-Year Low – Should You Sell?

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

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The business’s 50 day moving average is $43.80 and its 200 day moving average is $44.23.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

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

Institutional Investors Weigh In On First Trust TCW Opportunistic Fixed Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gateway Wealth Partners LLC raised its holdings in First Trust TCW Opportunistic Fixed Income ETF by 114.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 75,469 shares of the company’s stock worth $3,290,000 after acquiring an additional 40,294 shares during the period. Renaissance Technologies LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF in the 1st quarter worth $270,000. First Trust Advisors LP raised its holdings in First Trust TCW Opportunistic Fixed Income ETF by 13.4% in the 1st quarter. First Trust Advisors LP now owns 230,370 shares of the company’s stock worth $10,042,000 after acquiring an additional 27,188 shares during the period. Commonwealth Financial Services LLC raised its holdings in First Trust TCW Opportunistic Fixed Income ETF by 8.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 784,257 shares of the company’s stock worth $34,186,000 after acquiring an additional 58,871 shares during the period. Finally, Parallel Advisors LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF in the 1st quarter worth $268,000.

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.