Strong Trading Volume for First Trust TCW Opportunistic Fixed Income ETF

On October 13th, 2024, the First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) experienced strong trading activity. On that day, approximately 350,790 shares were traded, which marked a decrease of 52% compared to the previous session's volume of 727,790 shares. The stock last traded at $44.37, slightly down from its prior close of $44.43.

Stock Performance Overview

The First Trust TCW Opportunistic Fixed Income ETF has shown notable performance characteristics, with a fifty-day simple moving average of $45.05 and a two-hundred-day simple moving average of $43.79. These averages can provide insights into the stock's recent performance trends.

Recent Dividend Increase Announcement

Recently, the First Trust TCW Opportunistic Fixed Income ETF announced an increase in its monthly dividend. The latest dividend payment was made on September 30th, with stockholders on record as of September 26th receiving $0.155 per share. This is a significant improvement from the previous monthly dividend of $0.06. With this new dividend, the annualized payout stands at $1.86, translating to a dividend yield of 4.19%.

Institutional Investor Activity

Institutional investors have been active in modifying their positions in the First Trust TCW Opportunistic Fixed Income ETF. Creekmur Asset Management LLC invested approximately $49,000 in a new position during the fourth quarter. Additionally, Strategic Financial Concepts LLC increased its stake by 10.2% in the second quarter and now holds 144,169 shares valued at about $62,000 after acquiring 13,402 additional shares. Signaturefd LLC also expanded its holdings by 34.4% during the second quarter, now owning 1,500 shares worth approximately $65,000 after purchasing 384 more shares. Furthermore, Palisade Asset Management LLC and Hantz Financial Services Inc. secured new positions worth around $73,000 and $117,000, respectively, in the ETF.

About the First Trust TCW Opportunistic Fixed Income ETF

The First Trust TCW Opportunistic Fixed Income ETF (FIXD) is designed to track the Bloomberg Global Aggregate Bond index. As an actively managed fund, it provides broad exposure to bonds across various maturities while targeting a weighted average duration that remains within one year of the Bloomberg US Aggregate Index.

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Trading, ETF, Dividend