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-high trading volume on Monday . Approximately 1,099,242 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 825,463 shares.The stock last traded at $43.85 and had previously closed at $43.68.

First Trust TCW Opportunistic Fixed Income ETF Stock Up 0.1 %

The stock has a 50 day simple moving average of $43.26 and a 200 day simple moving average of $43.84.

First Trust TCW Opportunistic Fixed Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.155 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Friday, February 21st. This is a boost from First Trust TCW Opportunistic Fixed Income ETF’s previous monthly dividend of $0.15.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the fourth quarter valued at approximately $51,000. Icon Wealth Advisors LLC purchased a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the third quarter valued at approximately $112,000. SBI Securities Co. Ltd. purchased a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the fourth quarter valued at approximately $129,000. Oregon Pacific Wealth Management LLC purchased a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the fourth quarter valued at approximately $201,000. Finally, J.W. Cole Advisors Inc. boosted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 12.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,198 shares of the company’s stock valued at $223,000 after buying an additional 555 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.