Truvestments Capital LLC Buys New Stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

Truvestments Capital LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the 3rd quarter, HoldingsChannel reports. The fund purchased 1,454 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 27.2% in the third quarter. LPL Financial LLC now owns 10,319,218 shares of the company’s stock valued at $259,322,000 after purchasing an additional 2,207,155 shares during the period. Morling Financial Advisors LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the second quarter valued at about $21,367,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 288.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 792,747 shares of the company’s stock valued at $19,383,000 after acquiring an additional 588,549 shares in the last quarter. Harbour Investments Inc. increased its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 19.8% during the third quarter. Harbour Investments Inc. now owns 3,439,085 shares of the company’s stock worth $86,424,000 after acquiring an additional 568,292 shares during the last quarter. Finally, Wagner Wealth Management LLC lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 49.0% in the third quarter. Wagner Wealth Management LLC now owns 1,711,853 shares of the company’s stock worth $43,019,000 after acquiring an additional 563,059 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

Shares of NYSEARCA UCON opened at $24.79 on Thursday. First Trust TCW Unconstrained Plus Bond ETF has a fifty-two week low of $24.01 and a fifty-two week high of $25.34. The business has a 50 day moving average price of $24.90 and a two-hundred day moving average price of $24.78.

First Trust TCW Unconstrained Plus Bond ETF 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.