FIXD, AAPL: Opes Wealth Exits FIXD Position to Pivot Toward Equity Growth

Opes Wealth Exits FIXD Position to Pivot Toward Equity Growth

Apr 29, 2026 13:17 UTC

FIXD, AAPL

Medium term

Opes Wealth Management LLC has completely exited its position in the First Trust Smith Opportunistic Fixed Income ETF (FIXD), according to recent SEC filings. The firm liquidated 210,085 shares during the first quarter of 2026, a transaction valued at approximately $9.3 million based on quarterly average pricing. While a total exit may appear significant, the position represented only 1.5% of Opes Wealth's total portfolio. The move reflects a broader institutional trend of prioritizing equities over fixed income in an environment where interest rates remain elevated. FIXD, which manages $3.4 billion in assets, has posted a one-year return of 5.2%. While the fund maintains an attractive annualized dividend yield of 4.6%, its performance has lagged significantly behind the broader equity markets, prompting the reallocation. The shift highlights Opes' aggressive growth stance, evidenced by its nearly 16% allocation to Apple (AAPL). This reallocation suggests a strong conviction that equity growth will continue to outperform diversified bond strategies at this stage of the market cycle.

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Opes Wealth Exits FIXD Position to Pivot Toward Equity Growth

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