TCW Flexible Income ETF $FLXR Shares Acquired by Peak Financial Advisors LLC

Peak Financial Advisors LLC lifted its stake in shares of TCW Flexible Income ETF (NYSEARCA:FLXR) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 642,274 shares of the company’s stock after acquiring an additional 16,954 shares during the quarter. TCW Flexible Income ETF accounts for about 11.4% of Peak Financial Advisors LLC’s portfolio, making the stock its largest position. Peak Financial Advisors LLC owned 1.02% of TCW Flexible Income ETF worth $25,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE grew its stake in 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 worth $102,359,000 after purchasing an additional 1,523,535 shares in the last quarter. UBS Group AG raised its position in TCW Flexible Income ETF by 96.4% in the 3rd quarter. UBS Group AG now owns 2,303,537 shares of the company’s stock valued at $91,681,000 after purchasing an additional 1,130,812 shares in the last quarter. Captrust Financial Advisors raised its position in TCW Flexible Income ETF by 12.3% in the 3rd quarter. Captrust Financial Advisors now owns 4,792,936 shares of the company’s stock valued at $190,759,000 after purchasing an additional 524,151 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of TCW Flexible Income ETF by 126.7% in the 3rd quarter. Raymond James Financial Inc. now owns 730,328 shares of the company’s stock valued at $29,067,000 after buying an additional 408,198 shares during the period. Finally, Tidemark LLC purchased a new position in shares of TCW Flexible Income ETF in the 3rd quarter valued at about $14,984,000.

TCW Flexible Income ETF Price Performance

Shares of TCW Flexible Income ETF stock opened at $39.19 on Thursday. The business has a 50-day simple moving average of $39.56 and a 200-day simple moving average of $39.66. TCW Flexible Income ETF has a one year low of $38.40 and a one year high of $39.97.

TCW Flexible Income ETF Dividend Announcement

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

TCW Flexible Income ETF 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.