In a recent filing with the Securities and Exchange Commission, Raymond James & Associates revealed that it had increased its position in First Trust TCW Opportunistic Fixed Income ETF by 10.2% during the fourth quarter of 2022. The firm now owns a total of 1,270,407 shares of the ETF, up from 1,152,368 shares previously held. This increase in holdings brings Raymond James & Associates’ ownership to approximately 1.68% of First Trust TCW Opportunistic Fixed Income ETF’s outstanding shares.
The move comes as no surprise given the strong performance of fixed income ETFs over the past year. As interest rates remain at record lows and inflation concerns persist, investors have been flocking towards fixed income securities as a means of preserving capital and generating steady income.
First Trust TCW Opportunistic Fixed Income ETF is one such product that has gained popularity among investors seeking exposure to high yield and investment grade bonds with varying maturities and credit ratings. The fund seeks to provide investors with attractive total returns through both capital appreciation and income generation.
Raymond James & Associates’ decision to increase its position in the fund demonstrates their confidence in the current economic environment and their expectation for continued growth in this segment of the market. With interest rates expected to remain low for some time, it’s likely that fixed income ETFs will continue to be an attractive option for investors looking for stability and solid returns.
It should be noted that all investments come with inherent risks, however, and investors should carefully evaluate their own financial situation before making any decisions regarding allocating assets to fixed income ETFs or any other investment product. Market conditions can change quickly and unexpected events can have significant impacts on portfolio performance.
Despite these risks, Raymond James & Associates’ decision to increase its holdings in First Trust TCW Opportunistic Fixed Income ETF reflects optimism about future prospects for this particular investment vehicle. For those looking to maintain a diversified, balanced investment plan, this fund could be an option worth exploring.
Institutional Investors Show Confidence in First Trust TCW Opportunistic Fixed Income ETF (FIXD) with Increased Holdings
In recent months, institutional investors have been showing increased interest in the First Trust TCW Opportunistic Fixed Income ETF, as evidenced by their buying and selling activities. One of these investors is Orion Portfolio Solutions LLC, which lifted its holdings in the company by 19.4% in the fourth quarter of the previous year, acquiring an additional 3,247 shares worth $879,000. Similarly, Prospera Financial Services Inc increased its holdings in FIXD by 46.3% during the same period and now owns 22,181 shares valued at $974,000.
Founders Financial Securities LLC also saw an increase in the value of its holdings by 38.6% after purchasing additional 33,614 shares worth $5.3 million while Thrivent Financial for Lutherans now boasts of owning over half a million shares of FIXD stock after purchasing an additional 125,571 shares during Q4 of last year.
These significant purchases made by institutional investors show confidence in the prospects of this broad-based bond fund with broad-maturity aims.
The First Trust TCW Opportunistic Fixed Income ETF (FIXD) tracks Bloomberg’s Global Aggregate Bond index actively and is managed by experienced portfolio managers who aim to achieve a weighted average duration within one year of Bloomberg’s US Aggregate Index. This strategy allows potential holders to experience safety and liquidity while protecting against market volatility that can threaten bond pricing.
Third-party analysis shows that FIXD is currently trading between a 52-week low and high range of $41.85 – $47.85 respectively; as at Thursday May 12th FIXD opened up at $45.26 representing both a value proposition and entry point for prospective buyers or institutions.
All eyes are on should-be BUY rated First Trust TCW Opportunistic Fixed Income ETF (FIXD), which has caught Wall Street’s attention quite dramatically taking into account three packed-up days with no major announcements.
Anyone contemplating buying into a mutual fund or ETF (exchange-traded fund) should read its prospectus, which provides detailed information about the fund, including its investment objectives, strategies and risks, fees, and other costs. Investors should evaluate their own needs and risk tolerance before investing in any ETF or Mutual Funds such as the First Trust TCW Opportunistic Fixed Income ETF.
