First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Hits New 1-Year Low – Should You Sell?

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $42.51 and last traded at $43.27, with a volume of 3362 shares changing hands. The stock had previously closed at $43.24.

First Trust TCW Opportunistic Fixed Income ETF Trading Down 0.0%

The business’s fifty day moving average price is $43.80 and its 200 day moving average price is $44.23.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were given a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, April 21st.

Institutional Trading of First Trust TCW Opportunistic Fixed Income ETF

Several institutional investors have recently made changes to their positions in the business. Morgan Stanley boosted its position in shares of 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 boosted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 9.5% during the 4th quarter. LPL Financial LLC now owns 7,076,780 shares of the company’s stock valued at $313,643,000 after acquiring an additional 612,706 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 4.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,930,860 shares of the company’s stock valued at $262,856,000 after acquiring an additional 241,881 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 6.4% during the 4th quarter. Raymond James Financial Inc. now owns 2,896,834 shares of the company’s stock valued at $128,388,000 after acquiring an additional 174,165 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in First Trust TCW Opportunistic Fixed Income ETF by 105.9% in the second quarter. Ameriprise Financial Inc. now owns 2,828,195 shares of the company’s stock valued at $124,105,000 after buying an additional 1,454,463 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. The fund may hold derivatives. FIXD was launched on Feb 14, 2017 and is managed by First Trust.