Prasad Wealth Partners LLC Grows Position in First Trust TCW Unconstrained Plus Bond ETF $UCON

Prasad Wealth Partners LLC lifted its position in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 12.5% in the third quarter, Holdings Channel reports. The firm owned 371,964 shares of the company’s stock after purchasing an additional 41,461 shares during the period. First Trust TCW Unconstrained Plus Bond ETF makes up about 2.6% of Prasad Wealth Partners LLC’s investment portfolio, making the stock its 14th biggest position. Prasad Wealth Partners LLC’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $9,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UCON. Bank of Montreal Can acquired a new position in First Trust TCW Unconstrained Plus Bond ETF during the second quarter valued at approximately $42,000. Hazlett Burt & Watson Inc. increased its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 166.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,923 shares of the company’s stock worth $48,000 after acquiring an additional 1,200 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter valued at $62,000. Chilton Capital Management LLC acquired a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter valued at $82,000. Finally, Creekmur Asset Management LLC boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 365.8% during the 2nd quarter. Creekmur Asset Management LLC now owns 3,987 shares of the company’s stock worth $99,000 after purchasing an additional 3,131 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.2%

Shares of NYSEARCA UCON opened at $25.19 on Friday. The stock has a fifty day moving average price of $25.16 and a 200 day moving average price of $25.14. First Trust TCW Unconstrained Plus Bond ETF has a 12-month low of $24.38 and a 12-month high of $25.63.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Wednesday, January 21st.

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.