Commonwealth Financial Services LLC Raises Stake in First Trust TCW Unconstrained Plus Bond ETF $UCON

Commonwealth Financial Services LLC lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 7.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 765,621 shares of the company’s stock after buying an additional 55,846 shares during the quarter. First Trust TCW Unconstrained Plus Bond ETF comprises about 3.0% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 7th biggest position. Commonwealth Financial Services LLC’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $18,964,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of UCON. Balefire LLC grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 2.4% in the 1st quarter. Balefire LLC now owns 33,578 shares of the company’s stock valued at $832,000 after buying an additional 784 shares during the last quarter. Spartan Wealth Advisory Services LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF during the first quarter worth approximately $15,523,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 14.0% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 6,356 shares of the company’s stock worth $157,000 after acquiring an additional 783 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 8.6% during the first quarter. SteelPeak Wealth LLC now owns 12,449 shares of the company’s stock worth $308,000 after acquiring an additional 988 shares during the period. Finally, Independent Financial Group LLC bought a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the first quarter worth approximately $1,156,000.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

First Trust TCW Unconstrained Plus Bond ETF stock opened at $24.78 on Monday. First Trust TCW Unconstrained Plus Bond ETF has a 12 month low of $24.41 and a 12 month high of $25.63. The stock’s 50 day moving average is $24.86 and its 200-day moving average is $24.99.

About First Trust TCW Unconstrained Plus Bond ETF

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.