Compass Financial Management LLC Takes $723,000 Position in First Trust TCW Unconstrained Plus Bond ETF $UCON

Compass Financial Management LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 29,065 shares of the company’s stock, valued at approximately $723,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UCON. Abound Wealth Management purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF in the second quarter valued at about $31,000. Parallel Advisors LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter worth about $36,000. Sound Income Strategies LLC purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the first quarter worth about $39,000. TD Capital Management LLC purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter worth about $48,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the first quarter worth about $55,000.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

UCON opened at $24.56 on Monday. The firm’s 50-day moving average price is $24.75 and its 200-day moving average price is $24.90. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $23.72 and a 52-week high of $25.63.

About First Trust TCW Unconstrained Plus Bond ETF

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.