Envestnet Asset Management Inc. Boosts Stock Position in TCW Flexible Income ETF $FLXR

Envestnet Asset Management Inc. boosted its position in TCW Flexible Income ETF (NYSEARCA:FLXR) by 18.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,234,435 shares of the company’s stock after purchasing an additional 189,577 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.35% of TCW Flexible Income ETF worth $49,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of TCW Flexible Income ETF by 67.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,294 shares of the company’s stock worth $91,000 after acquiring an additional 927 shares in the last quarter. AE Wealth Management LLC boosted its holdings in TCW Flexible Income ETF by 13.1% in the second quarter. AE Wealth Management LLC now owns 3,236 shares of the company’s stock worth $128,000 after acquiring an additional 376 shares in the last quarter. Wellspring Financial Advisors LLC acquired a new stake in TCW Flexible Income ETF in the second quarter worth about $209,000. Truist Financial Corp acquired a new position in shares of TCW Flexible Income ETF during the third quarter valued at about $220,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of TCW Flexible Income ETF by 42.4% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 6,028 shares of the company’s stock valued at $238,000 after acquiring an additional 1,796 shares in the last quarter.

TCW Flexible Income ETF Trading Down 0.1%

FLXR stock opened at $39.60 on Tuesday. TCW Flexible Income ETF has a 52 week low of $38.40 and a 52 week high of $39.97. The firm has a 50 day moving average of $39.62 and a 200 day moving average of $39.68.

TCW Flexible Income ETF Dividend Announcement

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