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

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) shares saw unusually-strong trading volume on Monday. Approximately 412,312 shares traded hands during trading, a decline of 3% from the previous session’s volume of 424,398 shares. The stock last traded at $41.70 and had previously closed at $41.78.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The firm’s 50-day moving average price is $42.27 and its 200 day moving average price is $43.07.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.1650 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.98 annualized dividend and a yield of 4.8%.

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

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 2.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,317,649 shares of the company’s stock worth $101,073,000 after buying an additional 56,459 shares during the last quarter. Royal Bank of Canada raised its stake in First Trust TCW Opportunistic Fixed Income ETF by 7.1% during the first 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 in the last quarter. NewEdge Advisors LLC raised its stake in First Trust TCW Opportunistic Fixed Income ETF by 25.3% during the second 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 in the last quarter. Geneos Wealth Management Inc. raised its position 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 valued at $37,345,000 after acquiring an additional 291,705 shares in the last quarter. Finally, Commonwealth Financial Services LLC raised its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 8.1% during the 1st quarter. Commonwealth Financial Services LLC now owns 784,257 shares of the company’s stock valued at $34,186,000 after acquiring an additional 58,871 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.