Royal Bank of Canada Boosts Stock Holdings in First Trust TCW Unconstrained Plus Bond ETF $UCON

Royal Bank of Canada lifted its position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 5.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,003,535 shares of the company’s stock after acquiring an additional 203,447 shares during the quarter. Royal Bank of Canada’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $99,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in First Trust TCW Unconstrained Plus Bond ETF by 14.2% during the fourth quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock valued at $306,068,000 after buying an additional 1,509,510 shares during the period. Morgan Stanley raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.6% in the fourth quarter. Morgan Stanley now owns 8,336,565 shares of the company’s stock worth $209,831,000 after acquiring an additional 518,585 shares during the period. Wells Fargo & Company MN boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,230,550 shares of the company’s stock worth $156,823,000 after acquiring an additional 286,822 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock worth $100,689,000 after acquiring an additional 1,238,354 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 3,799,150 shares of the company’s stock worth $95,693,000 after acquiring an additional 59,713 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

NYSEARCA:UCON opened at $24.57 on Friday. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $23.72 and a 52 week high of $25.63. The stock’s 50-day moving average price is $24.81 and its 200-day moving average price is $24.95.

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.