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

Royal Bank of Canada grew its position in shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,537,064 shares of the company’s stock after acquiring an additional 102,253 shares during the period. Royal Bank of Canada owned about 1.99% of First Trust TCW Opportunistic Fixed Income ETF worth $67,000,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gateway Wealth Partners LLC increased its holdings in First Trust TCW Opportunistic Fixed Income ETF by 114.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 75,469 shares of the company’s stock valued at $3,290,000 after purchasing an additional 40,294 shares during the period. Renaissance Technologies LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF during the 1st quarter valued at approximately $270,000. First Trust Advisors LP lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 13.4% in the 1st quarter. First Trust Advisors LP now owns 230,370 shares of the company’s stock worth $10,042,000 after buying an additional 27,188 shares during the period. Commonwealth Financial Services LLC lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 8.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 784,257 shares of the company’s stock worth $34,186,000 after buying an additional 58,871 shares during the period. Finally, Parallel Advisors LLC bought a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF in the 1st quarter worth approximately $268,000.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

FIXD opened at $42.83 on Friday. First Trust TCW Opportunistic Fixed Income ETF has a 52-week low of $42.51 and a 52-week high of $45.15. The stock’s 50 day moving average price is $43.43 and its 200-day moving average price is $43.83.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

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

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.