First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sees Strong Trading Volume Following Dividend Announcement

Shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw an uptick in trading volume on Monday after the company announced a dividend. 2,364,521 shares changed hands during trading, an increase of 215% from the previous session’s volume of 751,814 shares.The stock last traded at $44.15 and had previously closed at $44.42.

The newly announced dividend which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be given a $0.155 dividend. This represents a $1.86 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Tuesday, October 22nd.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

The firm has a 50-day moving average of $45.01 and a 200-day moving average of $43.84.

Hedge Funds Weigh In On First Trust TCW Opportunistic Fixed Income ETF

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC grew its position in First Trust TCW Opportunistic Fixed Income ETF by 34.4% during the 2nd quarter. Signaturefd LLC now owns 1,500 shares of the company’s stock worth $65,000 after purchasing an additional 384 shares during the period. Palisade Asset Management LLC acquired a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF during the 1st quarter valued at about $73,000. Hantz Financial Services Inc. acquired a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF during the 2nd quarter valued at about $117,000. Freestone Capital Holdings LLC acquired a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF during the 1st quarter valued at about $201,000. Finally, Kaydan Wealth Management Inc. acquired a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF during the 2nd quarter valued at about $212,000.

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.