Thrivent Financial for Lutherans Decreases Stake in First Trust TCW Unconstrained Plus Bond ETF $UCON

Thrivent Financial for Lutherans cut its stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 47.4% in the third quarter, Holdings Channel reports. The firm owned 80,066 shares of the company’s stock after selling 72,279 shares during the period. Thrivent Financial for Lutherans’ holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $2,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of UCON. Bank of Montreal Can purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the second quarter worth $42,000. Evolution Wealth Management Inc. purchased a new position in First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter worth $62,000. Chilton Capital Management LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter worth about $82,000. Creekmur Asset Management LLC grew its stake 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 valued at $99,000 after purchasing an additional 3,131 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 2,289.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,588 shares of the company’s stock valued at $114,000 after purchasing an additional 4,396 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

Shares of NYSEARCA:UCON opened at $25.25 on Thursday. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $24.38 and a 52-week high of $25.63. The business has a 50-day moving average price of $25.16 and a 200-day moving average price of $25.15.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.