Park Square Financial Group LLC Lowers Stock Holdings in First Trust TCW Unconstrained Plus Bond ETF $UCON

Park Square Financial Group LLC lessened its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 41.8% in the third quarter, Holdings Channel.com reports. The firm owned 44,177 shares of the company’s stock after selling 31,704 shares during the period. First Trust TCW Unconstrained Plus Bond ETF comprises about 4.8% of Park Square Financial Group LLC’s investment portfolio, making the stock its 7th biggest position. Park Square Financial Group LLC’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $1,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Savvy Advisors Inc. grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 2.7% in the 3rd quarter. Savvy Advisors Inc. now owns 15,508 shares of the company’s stock valued at $391,000 after buying an additional 405 shares in the last quarter. Axis Wealth Partners LLC boosted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.1% in the third quarter. Axis Wealth Partners LLC now owns 12,557 shares of the company’s stock worth $316,000 after acquiring an additional 490 shares during the period. Spire Wealth Management boosted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 10.6% in the second quarter. Spire Wealth Management now owns 5,606 shares of the company’s stock worth $140,000 after acquiring an additional 538 shares during the period. Stratos Wealth Advisors LLC grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 1.6% in the third quarter. Stratos Wealth Advisors LLC now owns 35,286 shares of the company’s stock valued at $889,000 after purchasing an additional 559 shares in the last quarter. Finally, Horan Securities Inc. raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 3.3% during the 2nd quarter. Horan Securities Inc. now owns 20,416 shares of the company’s stock valued at $508,000 after purchasing an additional 659 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

Shares of UCON opened at $25.28 on Monday. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $24.38 and a 52-week high of $25.63. The stock’s 50-day simple moving average is $25.20 and its 200 day simple moving average is $25.19.

First Trust TCW Unconstrained Plus Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a yield of 4.3%.

First Trust TCW Unconstrained Plus Bond ETF Profile

The First Trust TCW Unconstrained Plus Bond ETF (UCON) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund, which broadly invests in various fixed income securities of almost any sector, maturity, or credit quality. UCON was launched on Jun 4, 2018 and is managed by First Trust.