First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sets New 52-Week Low – Here’s Why

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) shares hit a new 52-week low on Wednesday . The company traded as low as $41.93 and last traded at $41.93, with a volume of 155322 shares. The stock had previously closed at $42.38.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The business’s 50-day moving average is $42.83 and its 200 day moving average is $43.38.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.165 dividend. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 4.7%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIXD. Integrated Wealth Concepts LLC boosted its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 6.3% during the second quarter. Integrated Wealth Concepts LLC now owns 201,339 shares of the company’s stock worth $8,780,000 after purchasing an additional 12,011 shares during the period. NewEdge Advisors LLC lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,073,904 shares of the company’s stock worth $46,833,000 after buying an additional 216,559 shares during the period. Baird Financial Group Inc. grew its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 12.0% in the 2nd quarter. Baird Financial Group Inc. now owns 602,672 shares of the company’s stock worth $26,283,000 after buying an additional 64,335 shares during the last quarter. Allworth Financial LP increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 8.6% during the second quarter. Allworth Financial LP now owns 4,805 shares of the company’s stock valued at $210,000 after buying an additional 380 shares during the period. Finally, Citadel Advisors LLC raised its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 742.9% during the second quarter. Citadel Advisors LLC now owns 485,591 shares of the company’s stock valued at $21,177,000 after acquiring an additional 427,984 shares in the last quarter.

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