First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Reaches New 52-Week Low – Time to 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 $41.95 and last traded at $42.80, with a volume of 16566 shares. The stock had previously closed at $42.96.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

The stock has a 50-day moving average of $43.19 and a 200-day moving average of $43.64.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a $0.165 dividend. The ex-dividend date is Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FIXD. Ameritas Advisory Services LLC lifted its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 75.4% during the second quarter. Ameritas Advisory Services LLC now owns 76,856 shares of the company’s stock valued at $3,352,000 after purchasing an additional 33,037 shares during the last quarter. Asset Allocation Strategies LLC boosted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 30.7% in the second quarter. Asset Allocation Strategies LLC now owns 8,867 shares of the company’s stock worth $387,000 after buying an additional 2,081 shares during the period. Compass Financial Management LLC purchased a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the second quarter valued at $179,000. NI Acquisitions Company LLC purchased a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the second quarter valued at $66,000. Finally, BAM Wealth Management LLC increased its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 40.4% in the 2nd quarter. BAM Wealth Management LLC now owns 20,931 shares of the company’s stock valued at $913,000 after purchasing an additional 6,027 shares during the period.

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.