314,054 Shares in First Trust TCW Unconstrained Plus Bond ETF $UCON Acquired by Wealth Advisory Team LLC

Wealth Advisory Team LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 314,054 shares of the company’s stock, valued at approximately $7,905,000. First Trust TCW Unconstrained Plus Bond ETF makes up about 7.0% of Wealth Advisory Team LLC’s portfolio, making the stock its 5th biggest position. Wealth Advisory Team LLC owned 0.25% of First Trust TCW Unconstrained Plus Bond ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 166.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,923 shares of the company’s stock valued at $48,000 after acquiring an additional 1,200 shares in the last quarter. International Assets Investment Management LLC bought a new position in First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at approximately $57,000. Northwestern Mutual Wealth Management Co. lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 2,289.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,588 shares of the company’s stock valued at $114,000 after acquiring an additional 4,396 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 167.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 4,860 shares of the company’s stock valued at $122,000 after acquiring an additional 3,044 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 28.1% in the 3rd quarter. AE Wealth Management LLC now owns 5,200 shares of the company’s stock valued at $131,000 after acquiring an additional 1,142 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Down 0.1%

UCON stock opened at $24.89 on Friday. First Trust TCW Unconstrained Plus Bond ETF has a 12-month low of $24.41 and a 12-month high of $25.63. The stock’s 50 day simple moving average is $24.92 and its 200 day simple moving average is $25.10.

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.