Synergy Investment Management LLC Acquires New Position in First Trust TCW Unconstrained Plus Bond ETF $UCON

Synergy Investment Management LLC bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the third quarter, Holdings Channel reports. The firm bought 251,837 shares of the company’s stock, valued at approximately $6,343,000. First Trust TCW Unconstrained Plus Bond ETF comprises 2.4% of Synergy Investment Management LLC’s holdings, making the stock its 12th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in UCON. Geneos Wealth Management Inc. boosted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 153.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 663,387 shares of the company’s stock worth $16,512,000 after purchasing an additional 401,248 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF in the second quarter valued at about $8,803,000. Spectrum Wealth Advisory Group LLC boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 79.4% during the second quarter. Spectrum Wealth Advisory Group LLC now owns 683,331 shares of the company’s stock worth $17,008,000 after buying an additional 302,458 shares during the last quarter. Wagner Wealth Management LLC grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 32.6% during the 3rd quarter. Wagner Wealth Management LLC now owns 1,068,478 shares of the company’s stock worth $26,913,000 after buying an additional 262,983 shares during the period. Finally, Gateway Wealth Partners LLC acquired a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the 3rd quarter worth about $5,861,000.

First Trust TCW Unconstrained Plus Bond ETF Trading Down 0.1%

Shares of NYSEARCA:UCON opened at $25.33 on Thursday. The firm’s 50 day simple moving average is $25.18 and its 200 day simple moving average is $25.17. First Trust TCW Unconstrained Plus Bond ETF has a fifty-two week low of $24.38 and a fifty-two week high of $25.63.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

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

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.