First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw unusually-high trading volume on Tuesday. Approximately 569,954 shares traded hands during mid-day trading, an increase of 48% from the previous session’s volume of 386,359 shares. The stock last traded at $41.34 and had previously closed at $41.39.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The company’s 50-day simple moving average is $42.62 and its 200-day simple moving average is $43.26.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.1650 per share. The ex-dividend date was Thursday, September 24th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 4.8%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIXD. Merkkuri Wealth Advisors LLC purchased a new stake in First Trust TCW Opportunistic Fixed Income ETF in the 1st quarter worth about $35,000. NI Acquisitions Company LLC acquired a new stake in First Trust TCW Opportunistic Fixed Income ETF in the 2nd quarter worth $66,000. Compass Financial Management LLC acquired a new stake in First Trust TCW Opportunistic Fixed Income ETF during the second quarter worth about $179,000. Advisortrust Partners LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF during the first quarter valued at about $193,000. Finally, Allworth Financial LP raised its holdings in First Trust TCW Opportunistic Fixed Income ETF by 8.6% in the 2nd quarter. Allworth Financial LP now owns 4,805 shares of the company’s stock valued at $210,000 after acquiring an additional 380 shares in 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. The fund may hold derivatives. FIXD was launched on Feb 14, 2017 and is managed by First Trust.