Independent Financial Group LLC Invests $1.16 Million in First Trust TCW Unconstrained Plus Bond ETF $UCON

Independent Financial Group LLC purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 46,669 shares of the company’s stock, valued at approximately $1,156,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UCON. EdgeRock Capital LLC lifted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 15.9% in the 1st quarter. EdgeRock Capital LLC now owns 790,536 shares of the company’s stock valued at $19,582,000 after acquiring an additional 108,661 shares during the last quarter. Econ Financial Services Corp grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 56.6% in the 4th quarter. Econ Financial Services Corp now owns 174,973 shares of the company’s stock worth $4,404,000 after purchasing an additional 63,269 shares during the last quarter. CWM LLC raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 105.7% in the 4th quarter. CWM LLC now owns 365,352 shares of the company’s stock worth $9,196,000 after purchasing an additional 187,748 shares in the last quarter. HBW Advisory Services LLC raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 45.0% in the 4th quarter. HBW Advisory Services LLC now owns 396,584 shares of the company’s stock worth $9,982,000 after purchasing an additional 122,995 shares in the last quarter. Finally, Fifth Third Securities Inc. raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 51.6% in the 4th quarter. Fifth Third Securities Inc. now owns 134,939 shares of the company’s stock worth $3,396,000 after purchasing an additional 45,915 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

UCON stock opened at $24.73 on Tuesday. First Trust TCW Unconstrained Plus Bond ETF has a 12 month low of $24.41 and a 12 month high of $25.63. The firm has a 50 day simple moving average of $24.85 and a 200 day simple moving average of $24.99.

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.