First Trust TCW Emerging Markets Debt ETF (NYSEARCA:EFIX) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

First Trust TCW Emerging Markets Debt ETF (NYSEARCA:EFIX) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.28 and traded as high as $16.50. First Trust TCW Emerging Markets Debt ETF shares last traded at $16.38, with a volume of 1,959 shares traded.

First Trust TCW Emerging Markets Debt ETF Price Performance

The company’s 50-day moving average price is $16.42 and its 200 day moving average price is $16.28.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust TCW Emerging Markets Debt ETF stock. Hedeker Wealth LLC increased its holdings in First Trust TCW Emerging Markets Debt ETF (NYSEARCA:EFIX) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,552 shares of the company’s stock after acquiring an additional 4,008 shares during the quarter. Hedeker Wealth LLC owned about 3.66% of First Trust TCW Emerging Markets Debt ETF worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About First Trust TCW Emerging Markets Debt ETF

The First Trust TCW Emerging Markets Debt ETF (EFIX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in debt securities, of various credit quality, issued by emerging market countries. EFIX was launched on Feb 17, 2021 and is managed by First Trust.