Envestnet Asset Management Inc. Sells 331,982 Shares of First Trust TCW Unconstrained Plus Bond ETF $UCON

Envestnet Asset Management Inc. cut its stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 15.0% in the 3rd quarter, Holdings Channel reports. The fund owned 1,876,231 shares of the company’s stock after selling 331,982 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $47,259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 8.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,757,884 shares of the company’s stock worth $68,623,000 after purchasing an additional 216,742 shares during the period. Osaic Holdings Inc. boosted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 2.6% during the second quarter. Osaic Holdings Inc. now owns 1,614,739 shares of the company’s stock valued at $40,192,000 after purchasing an additional 40,227 shares in the last quarter. Csenge Advisory Group grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 3.1% in the 3rd quarter. Csenge Advisory Group now owns 1,285,637 shares of the company’s stock worth $32,383,000 after buying an additional 39,154 shares during the period. Wagner Wealth Management LLC grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 32.6% in the third quarter. Wagner Wealth Management LLC now owns 1,068,478 shares of the company’s stock worth $26,913,000 after purchasing an additional 262,983 shares during the period. Finally, First Heartland Consultants Inc. increased its position in First Trust TCW Unconstrained Plus Bond ETF by 11.8% during the 2nd quarter. First Heartland Consultants Inc. now owns 1,041,178 shares of the company’s stock valued at $25,915,000 after buying an additional 109,884 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.1%

Shares of First Trust TCW Unconstrained Plus Bond ETF stock opened at $25.22 on Tuesday. The company has a 50-day simple moving average of $25.16 and a two-hundred day simple moving average of $25.15. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $24.38 and a 52-week high of $25.63.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were paid a $0.09 dividend. 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.