First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Reaches New 52-Week Low – Should You Sell?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.72 and last traded at $24.50, with a volume of 16187 shares traded. The stock had previously closed at $24.56.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.0%

The business’s 50 day simple moving average is $24.83 and its 200 day simple moving average is $24.97.

Hedge Funds Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Abound Wealth Management purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter valued at approximately $31,000. Parallel Advisors LLC purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter worth approximately $36,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the first quarter worth $39,000. TD Capital Management LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter worth $48,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 1st quarter worth $55,000.

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.