Mach 1 Financial Group LLC Takes $9.38 Million Position in First Trust TCW Unconstrained Plus Bond ETF $UCON

Mach 1 Financial Group LLC bought a new stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 372,637 shares of the company’s stock, valued at approximately $9,379,000. First Trust TCW Unconstrained Plus Bond ETF comprises about 1.9% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds also recently modified their holdings of the company. Hazlett Burt & Watson Inc. boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 166.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,923 shares of the company’s stock valued at $48,000 after purchasing an additional 1,200 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at about $57,000. Cullen Frost Bankers Inc. bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at about $113,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 2,289.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,588 shares of the company’s stock valued at $114,000 after purchasing an additional 4,396 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 167.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 4,860 shares of the company’s stock valued at $122,000 after purchasing an additional 3,044 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.5%

Shares of NYSEARCA UCON opened at $24.82 on Thursday. First Trust TCW Unconstrained Plus Bond ETF has a 1 year low of $24.41 and a 1 year high of $25.63. The firm’s 50-day moving average is $24.89 and its 200-day moving average is $25.09.

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.