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

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw an uptick in trading volume on Monday . 6,688,796 shares changed hands during trading, an increase of 765% from the previous session’s volume of 773,188 shares.The stock last traded at $44.07 and had previously closed at $44.19.

First Trust TCW Opportunistic Fixed Income ETF Trading Down 0.2 %

The stock has a 50 day moving average price of $43.98 and a two-hundred day moving average price of $44.11.

First Trust TCW Opportunistic Fixed Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.145 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, November 21st.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaMark Advisors LLC raised its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 3.3% in the second quarter. AlphaMark Advisors LLC now owns 141,177 shares of the company’s stock worth $6,078,000 after purchasing an additional 4,546 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in First Trust TCW Opportunistic Fixed Income ETF during the 2nd quarter valued at approximately $1,499,000. Brookstone Capital Management boosted its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 5.8% in the 2nd quarter. Brookstone Capital Management now owns 13,431 shares of the company’s stock valued at $590,000 after acquiring an additional 734 shares during the last quarter. Gradient Investments LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 3,863.2% in the second quarter. Gradient Investments LLC now owns 7,649 shares of the company’s stock worth $329,000 after acquiring an additional 7,456 shares during the period. Finally, WealthCare Investment Partners LLC raised its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 2.9% during the second quarter. WealthCare Investment Partners LLC now owns 35,379 shares of the company’s stock worth $1,523,000 after purchasing an additional 992 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.