Independent Advisor Alliance Invests $6.36 Million in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD)

Independent Advisor Alliance purchased a new position in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 147,981 shares of the company’s stock, valued at approximately $6,359,000. Independent Advisor Alliance owned 0.14% of First Trust TCW Opportunistic Fixed Income ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of FIXD. Assetmark Inc. lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 8.3% in the 3rd quarter. Assetmark Inc. now owns 206,150 shares of the company’s stock worth $9,326,000 after purchasing an additional 15,788 shares during the period. Legacy Capital Wealth Partners LLC purchased a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF in the 3rd quarter worth approximately $257,000. GDS Wealth Management lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 12.9% in the 3rd quarter. GDS Wealth Management now owns 342,915 shares of the company’s stock worth $15,513,000 after purchasing an additional 39,159 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 3.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 163,553 shares of the company’s stock worth $7,399,000 after purchasing an additional 5,184 shares during the period. Finally, Apollon Wealth Management LLC lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 2.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 23,238 shares of the company’s stock worth $1,051,000 after purchasing an additional 507 shares during the period.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

NASDAQ:FIXD opened at $43.98 on Tuesday. First Trust TCW Opportunistic Fixed Income ETF has a 52 week low of $39.42 and a 52 week high of $46.80. The firm has a 50 day moving average of $43.19 and a 200 day moving average of $43.87.

First Trust TCW Opportunistic Fixed Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.155 per share. This is a boost from First Trust TCW Opportunistic Fixed Income ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.86 dividend on an annualized basis and a yield of 4.23%.

First Trust TCW Opportunistic Fixed Income ETF 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.