Cannon Financial Strategists Inc. Invests $3.30 Million in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD)

Cannon Financial Strategists Inc. bought a new position in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 76,581 shares of the company’s stock, valued at approximately $3,297,000. First Trust TCW Opportunistic Fixed Income ETF makes up about 0.6% of Cannon Financial Strategists Inc.’s holdings, making the stock its 19th largest holding. Cannon Financial Strategists Inc. owned about 0.07% of First Trust TCW Opportunistic Fixed Income ETF at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bennett Associates Wealth Management acquired a new position in shares of First Trust TCW Opportunistic Fixed Income ETF in the 4th quarter worth approximately $5,767,000. Visionary Wealth Advisors increased its holdings in First Trust TCW Opportunistic Fixed Income ETF by 48.4% during the 4th quarter. Visionary Wealth Advisors now owns 331,194 shares of the company’s stock valued at $14,773,000 after purchasing an additional 107,974 shares in the last quarter. Accel Wealth Management increased its holdings in First Trust TCW Opportunistic Fixed Income ETF by 7.3% during the 1st quarter. Accel Wealth Management now owns 6,357 shares of the company’s stock valued at $277,000 after purchasing an additional 431 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in First Trust TCW Opportunistic Fixed Income ETF by 18.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 59,099 shares of the company’s stock valued at $2,636,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in First Trust TCW Opportunistic Fixed Income ETF by 7.9% during the 2nd quarter. Axxcess Wealth Management LLC now owns 571,676 shares of the company’s stock valued at $24,611,000 after purchasing an additional 41,748 shares in the last quarter.

First Trust TCW Opportunistic Fixed Income ETF Stock Up 0.3 %

FIXD stock opened at $45.38 on Wednesday. The business has a fifty day moving average price of $44.94 and a 200 day moving average price of $43.73. First Trust TCW Opportunistic Fixed Income ETF has a fifty-two week low of $40.86 and a fifty-two week high of $46.80.

First Trust TCW Opportunistic Fixed Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.155 per share. This represents a $1.86 dividend on an annualized basis and a yield of 4.10%. This is a boost from First Trust TCW Opportunistic Fixed Income ETF’s previous monthly dividend of $0.06. The ex-dividend date was Thursday, September 26th.

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.