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

Shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw an uptick in trading volume on Monday . 1,099,242 shares traded hands during 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 Performance

The firm’s 50-day moving average price is $43.29 and its 200 day moving average price is $43.82.

First Trust TCW Opportunistic Fixed Income ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust TCW Opportunistic Fixed Income ETF

A number of large investors have recently bought and sold shares of FIXD. Thrivent Financial for Lutherans lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 170.7% in the third quarter. Thrivent Financial for Lutherans now owns 993,616 shares of the company’s stock worth $44,951,000 after acquiring an additional 626,542 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 18.4% in the third quarter. First Horizon Advisors Inc. now owns 122,676 shares of the company’s stock worth $5,550,000 after acquiring an additional 19,061 shares during the last quarter. LPL Financial LLC lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 7.0% in the third quarter. LPL Financial LLC now owns 9,430,365 shares of the company’s stock worth $426,630,000 after acquiring an additional 615,776 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 18.0% in the third quarter. Blackhawk Capital Partners LLC. now owns 54,473 shares of the company’s stock worth $2,464,000 after acquiring an additional 8,296 shares during the last quarter. Finally, Allen Capital Group LLC lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 4.6% in the third quarter. Allen Capital Group LLC now owns 1,254,568 shares of the company’s stock worth $56,757,000 after acquiring an additional 55,380 shares during 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.