First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Reaches New 1-Year High – Time to Buy?

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $45.16 and last traded at $44.5290, with a volume of 14517 shares trading hands. The stock had previously closed at $44.50.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

The stock’s 50-day moving average is $44.53 and its 200 day moving average is $43.88.

First Trust TCW Opportunistic Fixed Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This is a positive change from First Trust TCW Opportunistic Fixed Income ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Investors Weigh In On First Trust TCW Opportunistic Fixed Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. DAVENPORT & Co LLC increased its stake in First Trust TCW Opportunistic Fixed Income ETF by 8.3% during the 1st quarter. DAVENPORT & Co LLC now owns 5,978 shares of the company’s stock valued at $262,000 after purchasing an additional 458 shares in the last quarter. D.A. Davidson & CO. increased its stake in First Trust TCW Opportunistic Fixed Income ETF by 9.3% during the 1st quarter. D.A. Davidson & CO. now owns 58,650 shares of the company’s stock valued at $2,571,000 after purchasing an additional 4,967 shares in the last quarter. Family Capital Management Inc. increased its stake in First Trust TCW Opportunistic Fixed Income ETF by 0.6% during the 1st quarter. Family Capital Management Inc. now owns 85,833 shares of the company’s stock valued at $3,763,000 after purchasing an additional 489 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in First Trust TCW Opportunistic Fixed Income ETF by 10.5% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 54,430 shares of the company’s stock valued at $2,386,000 after purchasing an additional 5,154 shares in the last quarter. Finally, Signaturefd LLC increased its stake in First Trust TCW Opportunistic Fixed Income ETF by 33.3% during the 1st quarter. Signaturefd LLC now owns 2,000 shares of the company’s stock valued at $88,000 after purchasing an additional 500 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.