Per Stirling Capital Management has increased its stake in the First Trust Smith Opportunistic Fixed Income ETF (FIXD) by acquiring an additional 65,904 shares, valued at approximately $2.92 million, according to an SEC filing dated May 11, 2026. This purchase brings Per Stirling’s total holdings in FIXD to 2.02% of its reportable assets under management as of March 31, 2026, indicating ongoing confidence in the ETF’s strategy.
The FIXD ETF, which focuses on maximizing long-term returns through a diversified portfolio of fixed-income securities, has shown a modest price increase of 0.92% over the past year. However, it has underperformed the S&P 500 by 25.54 percentage points, raising questions about its risk-return profile. With a current dividend yield of 4.66%, FIXD appeals to income-focused investors, but its performance is contingent on the fund managers’ strategic decisions regarding credit quality and duration.
Investors should consider their risk tolerance and income needs when evaluating FIXD, particularly given its more flexible and potentially riskier approach compared to traditional bond ETFs.
Source: fool.com