Western Wealth Management LLC Has $10.44 Million Position in First Trust TCW Unconstrained Plus Bond ETF $UCON

Western Wealth Management LLC increased its position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 414,483 shares of the company’s stock after acquiring an additional 27,166 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $10,440,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UCON. Goldman Sachs Group Inc. acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF in the first quarter valued at $1,139,000. US Bancorp DE grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 12.6% in the 2nd quarter. US Bancorp DE now owns 302,651 shares of the company’s stock valued at $7,533,000 after buying an additional 33,864 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 45.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,319 shares of the company’s stock valued at $680,000 after buying an additional 8,490 shares during the last quarter. Wealth Advisory Team LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the second quarter valued at about $7,833,000. Finally, CWM LLC raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 103.3% during the second quarter. CWM LLC now owns 113,226 shares of the company’s stock worth $2,818,000 after acquiring an additional 57,545 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.0%

First Trust TCW Unconstrained Plus Bond ETF stock opened at $25.20 on Monday. The stock’s 50 day moving average is $25.16 and its 200 day moving average is $25.14. First Trust TCW Unconstrained Plus Bond ETF has a one year low of $24.38 and a one year high of $25.63.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a $0.09 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.