Capital Investment Advisory Services LLC Purchases 52,847 Shares of First Trust TCW Unconstrained Plus Bond ETF $UCON

Capital Investment Advisory Services LLC raised its position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 723,645 shares of the company’s stock after buying an additional 52,847 shares during the period. First Trust TCW Unconstrained Plus Bond ETF makes up about 1.4% of Capital Investment Advisory Services LLC’s holdings, making the stock its 8th biggest holding. Capital Investment Advisory Services LLC owned approximately 0.59% of First Trust TCW Unconstrained Plus Bond ETF worth $18,227,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can acquired a new position in First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter worth $42,000. Hazlett Burt & Watson Inc. grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 166.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,923 shares of the company’s stock worth $48,000 after purchasing an additional 1,200 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in First Trust TCW Unconstrained Plus Bond ETF in the second quarter valued at about $62,000. Chilton Capital Management LLC bought a new position in First Trust TCW Unconstrained Plus Bond ETF during the second quarter worth $82,000. Finally, Creekmur Asset Management LLC raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 365.8% during the second quarter. Creekmur Asset Management LLC now owns 3,987 shares of the company’s stock worth $99,000 after acquiring an additional 3,131 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

NYSEARCA:UCON opened at $25.19 on Friday. First Trust TCW Unconstrained Plus Bond ETF has a 12-month low of $24.38 and a 12-month high of $25.63. The business has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $25.14.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were issued a $0.09 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend 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.