First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sees Strong Trading Volume Following Dividend Announcement

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw unusually-strong trading volume on Monday after the company announced a dividend. Approximately 2,364,521 shares were traded during trading, an increase of 215% from the previous session’s volume of 751,814 shares.The stock last traded at $44.15 and had previously closed at $44.42.

The newly announced dividend which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.155 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.86 dividend on an annualized basis and a dividend yield of 4.24%.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

The business has a 50 day moving average price of $45.01 and a 200 day moving average price of $43.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC grew its stake in First Trust TCW Opportunistic Fixed Income ETF by 11.3% in the second quarter. Signature Estate & Investment Advisors LLC now owns 7,530,581 shares of the company’s stock worth $324,192,000 after purchasing an additional 762,655 shares in the last quarter. Raymond James & Associates grew its stake in First Trust TCW Opportunistic Fixed Income ETF by 8.3% in the second quarter. Raymond James & Associates now owns 2,244,969 shares of the company’s stock worth $96,646,000 after purchasing an additional 171,517 shares in the last quarter. Cetera Investment Advisers lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 90.9% during the first quarter. Cetera Investment Advisers now owns 1,606,270 shares of the company’s stock worth $70,033,000 after buying an additional 764,778 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in First Trust TCW Opportunistic Fixed Income ETF during the first quarter worth $62,272,000. Finally, Pine Valley Investments Ltd Liability Co lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 4.1% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 1,343,025 shares of the company’s stock worth $57,817,000 after buying an additional 52,522 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.