First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Unusually-High Trading Volume – Here’s What Happened

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) shares saw an uptick in trading volume on Tuesday. 2,783,927 shares traded hands during trading, an increase of 352% from the average daily volume of 615,987 shares. The stock last traded at $24.02 and had previously closed at $24.15.

First Trust TCW Unconstrained Plus Bond ETF Stock Down 0.5%

The firm has a fifty day moving average price of $24.08 and a 200 day moving average price of $24.69.

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

A number of large investors have recently modified their holdings of UCON. Gateway Wealth Partners LLC boosted its stake in First Trust TCW Unconstrained Plus Bond ETF by 121.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 690,142 shares of the company’s stock worth $17,095,000 after acquiring an additional 379,005 shares during the last quarter. Triumph Capital Management boosted its stake in First Trust TCW Unconstrained Plus Bond ETF by 25.4% in the 2nd quarter. Triumph Capital Management now owns 241,682 shares of the company’s stock worth $6,013,000 after purchasing an additional 48,998 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 9.4% during the second quarter. Integrated Wealth Concepts LLC now owns 982,703 shares of the company’s stock worth $24,450,000 after buying an additional 84,095 shares in the last quarter. Collaborative Wealth Managment Inc. grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 150.3% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 567,904 shares of the company’s stock worth $14,067,000 after acquiring an additional 341,030 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in First Trust TCW Unconstrained Plus Bond ETF by 6.6% in the first quarter. Cetera Investment Advisers now owns 1,436,630 shares of the company’s stock valued at $35,585,000 after purchasing an additional 88,522 shares in the last quarter.

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.