First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Large Volume Increase – Time to Buy?

Shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw an uptick in trading volume on Wednesday . 884,305 shares changed hands during trading, an increase of 33% from the previous session’s volume of 666,613 shares.The stock last traded at $24.65 and had previously closed at $24.75.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

The company’s 50-day moving average price is $25.02 and its two-hundred day moving average price is $24.73.

Hedge Funds Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 2,466.7% in the third quarter. Huntington National Bank now owns 1,155 shares of the company’s stock valued at $29,000 after buying an additional 1,110 shares during the period. Gradient Investments LLC bought a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter worth approximately $54,000. Benjamin Edwards Inc. increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 13.7% in the second quarter. Benjamin Edwards Inc. now owns 3,649 shares of the company’s stock valued at $89,000 after acquiring an additional 441 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF during the second quarter valued at approximately $101,000.

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.