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

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw unusually-high trading volume on Monday . Approximately 6,688,796 shares changed hands during mid-day 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 firm has a fifty day moving average of $43.98 and a 200 day moving average of $44.11.

First Trust TCW Opportunistic Fixed Income ETF Cuts Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Thursday, November 21st.

Institutional Trading of First Trust TCW Opportunistic Fixed Income ETF

A number of hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of 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 period. Signature Estate & Investment Advisors LLC raised its holdings in First Trust TCW Opportunistic Fixed Income ETF by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 7,787,804 shares of the company’s stock worth $352,320,000 after purchasing an additional 257,223 shares during the period. Raymond James & Associates boosted its position in First Trust TCW Opportunistic Fixed Income ETF by 8.3% during the second quarter. Raymond James & Associates now owns 2,244,969 shares of the company’s stock worth $96,646,000 after purchasing an additional 171,517 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in First Trust TCW Opportunistic Fixed Income ETF by 4.1% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 1,343,025 shares of the company’s stock valued at $57,817,000 after purchasing an additional 52,522 shares during the period. Finally, LVZ Inc. increased its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 2.0% in the second quarter. LVZ Inc. now owns 1,286,666 shares of the company’s stock valued at $55,391,000 after buying an additional 24,951 shares in 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.