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

Shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw strong trading volume on Tuesday . 1,171,376 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 821,564 shares.The stock last traded at $43.10 and had previously closed at $43.02.

First Trust TCW Opportunistic Fixed Income ETF Trading Down 0.1 %

The firm’s 50-day moving average is $43.52 and its 200 day moving average is $44.12.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.145 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.74 annualized dividend and a dividend yield of 4.05%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIXD. LPL Financial LLC grew its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 9,430,365 shares of the company’s stock valued at $426,630,000 after buying an additional 615,776 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 7,787,804 shares of the company’s stock valued at $352,320,000 after acquiring an additional 257,223 shares during the last quarter. Allen Capital Group LLC increased its position in First Trust TCW Opportunistic Fixed Income ETF by 4.6% during the 3rd quarter. Allen Capital Group LLC now owns 1,254,568 shares of the company’s stock valued at $56,757,000 after purchasing an additional 55,380 shares during the period. Commonwealth Equity Services LLC raised its holdings in First Trust TCW Opportunistic Fixed Income ETF by 2.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,026,552 shares of the company’s stock worth $46,441,000 after purchasing an additional 25,256 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 170.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 993,616 shares of the company’s stock worth $44,951,000 after purchasing an additional 626,542 shares during the period.

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.