Royal Bank of Canada Increases Stake in First Trust TCW Opportunistic Fixed Income ETF $FIXD

Royal Bank of Canada increased its stake in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,537,064 shares of the company’s stock after buying an additional 102,253 shares during the period. Royal Bank of Canada’s holdings in First Trust TCW Opportunistic Fixed Income ETF were worth $67,000,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FIXD. Morgan Stanley boosted its position in First Trust TCW Opportunistic Fixed Income ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 8,859,149 shares of the company’s stock valued at $392,638,000 after acquiring an additional 208,089 shares in the last quarter. LPL Financial LLC raised its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 7,076,780 shares of the company’s stock worth $313,643,000 after acquiring an additional 612,706 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,930,860 shares of the company’s stock worth $262,856,000 after acquiring an additional 241,881 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 6.4% in the 4th quarter. Raymond James Financial Inc. now owns 2,896,834 shares of the company’s stock valued at $128,388,000 after purchasing an additional 174,165 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 105.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,828,195 shares of the company’s stock valued at $124,105,000 after purchasing an additional 1,454,463 shares during the period.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

NASDAQ FIXD opened at $42.83 on Friday. The stock’s 50 day moving average is $43.43 and its 200 day moving average is $43.83. First Trust TCW Opportunistic Fixed Income ETF has a twelve month low of $42.51 and a twelve month high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.165 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, July 21st.

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. The fund may hold derivatives. FIXD was launched on Feb 14, 2017 and is managed by First Trust.