Drake & Associates LLC Trims Position in First Trust TCW Opportunistic Fixed Income ETF $FIXD

Drake & Associates LLC trimmed its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) by 92.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,985 shares of the company’s stock after selling 533,049 shares during the period. Drake & Associates LLC owned approximately 0.05% of First Trust TCW Opportunistic Fixed Income ETF worth $1,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Randall & Associates Wealth Management increased its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 15.3% during the 3rd quarter. Randall & Associates Wealth Management now owns 137,197 shares of the company’s stock valued at $6,094,000 after purchasing an additional 18,191 shares in the last quarter. Retirement Planning Group LLC boosted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 17.6% during the second quarter. Retirement Planning Group LLC now owns 55,799 shares of the company’s stock worth $2,449,000 after buying an additional 8,334 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 5.3% during the second quarter. First Horizon Advisors Inc. now owns 92,917 shares of the company’s stock worth $4,078,000 after buying an additional 4,685 shares in the last quarter. Keystone Wealth Services LLC grew its position in First Trust TCW Opportunistic Fixed Income ETF by 22.1% during the third quarter. Keystone Wealth Services LLC now owns 100,565 shares of the company’s stock valued at $4,467,000 after buying an additional 18,226 shares during the period. Finally, GDS Wealth Management grew its position in First Trust TCW Opportunistic Fixed Income ETF by 5.9% during the second quarter. GDS Wealth Management now owns 461,858 shares of the company’s stock valued at $20,271,000 after buying an additional 25,847 shares during the period.

First Trust TCW Opportunistic Fixed Income ETF Trading Down 0.3%

Shares of First Trust TCW Opportunistic Fixed Income ETF stock opened at $44.43 on Thursday. The firm has a 50-day simple moving average of $44.34 and a two-hundred day simple moving average of $44.36. First Trust TCW Opportunistic Fixed Income ETF has a fifty-two week low of $41.16 and a fifty-two week high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.