Nova Wealth Management Inc. Sells 61,440 Shares of First Trust TCW Unconstrained Plus Bond ETF $UCON

Nova Wealth Management Inc. cut its stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,914 shares of the company’s stock after selling 61,440 shares during the period. First Trust TCW Unconstrained Plus Bond ETF makes up about 3.3% of Nova Wealth Management Inc.’s holdings, making the stock its 3rd largest holding. Nova Wealth Management Inc.’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $4,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in UCON. Northwest Wealth Management LLC purchased a new position in First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter worth approximately $557,000. Chris Bulman Inc boosted its stake in First Trust TCW Unconstrained Plus Bond ETF by 25.5% during the fourth quarter. Chris Bulman Inc now owns 30,039 shares of the company’s stock worth $756,000 after buying an additional 6,103 shares during the last quarter. EdgeRock Capital LLC grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 1.5% in the 4th quarter. EdgeRock Capital LLC now owns 681,875 shares of the company’s stock valued at $17,163,000 after buying an additional 9,957 shares in the last quarter. Adamsbrown Wealth Consultants LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at $209,000. Finally, CoreCap Advisors LLC increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 7.9% in the 4th quarter. CoreCap Advisors LLC now owns 338,279 shares of the company’s stock worth $8,514,000 after acquiring an additional 24,684 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

NYSEARCA UCON opened at $24.58 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 business’s fifty day simple moving average is $25.10 and its 200-day simple moving average is $25.18.

First Trust TCW Unconstrained Plus Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, February 20th.

First Trust TCW Unconstrained Plus Bond ETF Company 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.