First Trust TCW Unconstrained Plus Bond ETF $UCON Position Boosted by Focused Alpha LLC

Focused Alpha LLC increased its position in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 22.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 257,781 shares of the company’s stock after buying an additional 47,842 shares during the period. First Trust TCW Unconstrained Plus Bond ETF accounts for 1.5% of Focused Alpha LLC’s holdings, making the stock its 17th biggest position. Focused Alpha LLC’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $6,121,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in First Trust TCW Unconstrained Plus Bond ETF by 5.4% during the first quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock valued at $99,168,000 after buying an additional 203,447 shares during the period. Envestnet Asset Management Inc. raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 2,623,316 shares of the company’s stock worth $65,268,000 after acquiring an additional 167,138 shares during the period. Trilogy Capital Inc. raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.2% in the second quarter. Trilogy Capital Inc. now owns 1,572,195 shares of the company’s stock worth $39,116,000 after acquiring an additional 91,824 shares during the period. IFP Advisors Inc raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 36.2% in the third quarter. IFP Advisors Inc now owns 1,538,154 shares of the company’s stock worth $36,523,000 after acquiring an additional 408,615 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.6% during the 1st quarter. Cetera Investment Advisers now owns 1,436,630 shares of the company’s stock worth $35,585,000 after acquiring an additional 88,522 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

NYSEARCA:UCON opened at $23.88 on Tuesday. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $23.56 and a 52 week high of $25.63. The stock’s 50-day moving average price is $24.27 and its 200-day moving average price is $24.64.

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.