Keudell Morrison Wealth Management Invests $46.93 Million in TCW Flexible Income ETF $FLXR

Keudell Morrison Wealth Management bought a new position in shares of TCW Flexible Income ETF (NYSEARCA:FLXR) in the fourth quarter, Holdings Channel.com reports. The fund bought 1,184,988 shares of the company’s stock, valued at approximately $46,926,000. TCW Flexible Income ETF makes up approximately 9.9% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its biggest holding.

A number of other large investors have also modified their holdings of the business. Axxcess Wealth Management LLC grew its holdings in shares of TCW Flexible Income ETF by 110.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 208,582 shares of the company’s stock worth $8,260,000 after buying an additional 109,543 shares in the last quarter. Morling Financial Advisors LLC grew its holdings in shares of TCW Flexible Income ETF by 6.6% during the fourth quarter. Morling Financial Advisors LLC now owns 738,344 shares of the company’s stock worth $29,238,000 after buying an additional 45,565 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of TCW Flexible Income ETF by 22.0% during the fourth quarter. Global Retirement Partners LLC now owns 14,632 shares of the company’s stock worth $579,000 after buying an additional 2,636 shares in the last quarter. 3EDGE Asset Management LP grew its holdings in shares of TCW Flexible Income ETF by 28.2% during the fourth quarter. 3EDGE Asset Management LP now owns 176,990 shares of the company’s stock worth $7,009,000 after buying an additional 38,910 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of TCW Flexible Income ETF during the fourth quarter worth $1,648,000.

TCW Flexible Income ETF Stock Up 0.1%

TCW Flexible Income ETF stock opened at $39.13 on Friday. TCW Flexible Income ETF has a 52-week low of $38.93 and a 52-week high of $39.97. The company has a fifty day simple moving average of $39.23 and a 200-day simple moving average of $39.50.

TCW Flexible Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

About TCW Flexible Income ETF

The TCW Flexible Income ETF (FLXR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that seeks to provide consistent income. The fund has the flexibility to invest across a wide spectrum of security type, credit quality and maturity profiles FLXR was launched on Nov 30, 2018 and is issued by TCW.