First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Strong Trading Volume – Here’s What Happened

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw unusually-strong trading volume on Monday . 1,272,591 shares traded hands during trading, an increase of 125% from the previous session’s volume of 566,842 shares.The stock last traded at $24.58 and had previously closed at $24.56.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

The company has a 50 day simple moving average of $24.74 and a 200-day simple moving average of $24.89.

Institutional Investors Weigh In On First Trust TCW Unconstrained Plus Bond ETF

A number of institutional investors have recently made changes to their positions in UCON. Ameritas Advisory Services LLC grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 441.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 297,348 shares of the company’s stock valued at $7,398,000 after purchasing an additional 242,431 shares during the last quarter. Compass Financial Management LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the second quarter valued at about $723,000. NI Acquisitions Company LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the second quarter valued at about $79,000. Legacy Wealth Managment LLC ID grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 62.8% during the second quarter. Legacy Wealth Managment LLC ID now owns 44,880 shares of the company’s stock valued at $1,117,000 after buying an additional 17,305 shares during the last quarter. Finally, Fairway Financial LLC grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 1.9% during the second quarter. Fairway Financial LLC now owns 153,163 shares of the company’s stock valued at $3,811,000 after buying an additional 2,804 shares during the last quarter.

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.