Peak Financial Advisors LLC Raises Stake in TCW Flexible Income ETF $FLXR

Peak Financial Advisors LLC increased its holdings in TCW Flexible Income ETF (NYSEARCA:FLXR) by 14.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 625,320 shares of the company’s stock after buying an additional 78,061 shares during the quarter. TCW Flexible Income ETF accounts for about 11.9% of Peak Financial Advisors LLC’s investment portfolio, making the stock its largest position. Peak Financial Advisors LLC’s holdings in TCW Flexible Income ETF were worth $24,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLXR. First Pacific Financial bought a new position in TCW Flexible Income ETF in the second quarter worth approximately $74,227,000. Bank of America Corp DE grew its position in shares of TCW Flexible Income ETF by 142.2% during the 2nd quarter. Bank of America Corp DE now owns 2,594,650 shares of the company’s stock valued at $102,359,000 after acquiring an additional 1,523,535 shares during the period. Morling Financial Advisors LLC purchased a new stake in shares of TCW Flexible Income ETF in the 2nd quarter worth $26,392,000. Raymond James Financial Inc. raised its holdings in TCW Flexible Income ETF by 5,541.5% in the 2nd quarter. Raymond James Financial Inc. now owns 322,130 shares of the company’s stock worth $12,708,000 after purchasing an additional 316,420 shares during the period. Finally, Francis Financial Inc. raised its holdings in TCW Flexible Income ETF by 64.9% in the 2nd quarter. Francis Financial Inc. now owns 757,595 shares of the company’s stock worth $29,887,000 after purchasing an additional 298,090 shares during the period.

TCW Flexible Income ETF Price Performance

NYSEARCA:FLXR opened at $39.47 on Thursday. The stock has a 50-day simple moving average of $39.72 and a two-hundred day simple moving average of $39.58. TCW Flexible Income ETF has a 52-week low of $38.40 and a 52-week high of $39.97.

TCW Flexible Income ETF Company Profile

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.