First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Large Volume Increase – Time to Buy?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) shares saw unusually-strong trading volume on Monday . Approximately 502,679 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 574,737 shares.The stock last traded at $24.58 and had previously closed at $24.52.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

The company has a 50-day moving average of $24.83 and a 200-day moving average of $24.97.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of large investors have recently made changes to their positions in the stock. EdgeRock Capital LLC grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 15.9% during the first quarter. EdgeRock Capital LLC now owns 790,536 shares of the company’s stock worth $19,582,000 after buying an additional 108,661 shares in the last quarter. Econ Financial Services Corp lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 56.6% during the fourth quarter. Econ Financial Services Corp now owns 174,973 shares of the company’s stock valued at $4,404,000 after buying an additional 63,269 shares during the period. CWM LLC boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 105.7% during the fourth quarter. CWM LLC now owns 365,352 shares of the company’s stock worth $9,196,000 after acquiring an additional 187,748 shares during the last quarter. HBW Advisory Services LLC boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 45.0% during the fourth quarter. HBW Advisory Services LLC now owns 396,584 shares of the company’s stock worth $9,982,000 after acquiring an additional 122,995 shares during the last quarter. Finally, Fifth Third Securities Inc. grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 51.6% in the 4th quarter. Fifth Third Securities Inc. now owns 134,939 shares of the company’s stock worth $3,396,000 after acquiring an additional 45,915 shares during the period.

About First Trust TCW Unconstrained Plus Bond ETF

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.