Envestnet Asset Management Inc. cut its holdings in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON – Get Rating) by 8.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,257,675 shares of the company’s stock after selling 110,341 shares during the period. Envestnet Asset Management Inc. owned approximately 2.08% of First Trust TCW Unconstrained Plus Bond ETF worth $30,323,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF during the third quarter worth about $43,000. Mach 1 Financial Group LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 3rd quarter valued at approximately $150,000. Coastal Investment Advisors Inc. acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 3rd quarter valued at approximately $193,000. IFG Advisory LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at approximately $228,000. Finally, Avidian Wealth Solutions LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at approximately $234,000.
First Trust TCW Unconstrained Plus Bond ETF Stock Performance
UCON opened at $24.59 on Friday. The company’s 50 day moving average is $24.23 and its 200-day moving average is $24.21. First Trust TCW Unconstrained Plus Bond ETF has a 1-year low of $23.43 and a 1-year high of $25.15.
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.
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