Pitti Group Wealth Management LLC Makes New Investment in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

Pitti Group Wealth Management LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 348,616 shares of the company’s stock, valued at approximately $8,625,000. First Trust TCW Unconstrained Plus Bond ETF accounts for about 9.1% of Pitti Group Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Pitti Group Wealth Management LLC owned approximately 0.37% of First Trust TCW Unconstrained Plus Bond ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 9.7% during the 2nd quarter. Renaissance Technologies LLC now owns 137,400 shares of the company’s stock worth $3,359,000 after purchasing an additional 12,100 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 41.4% during the second quarter. J.W. Cole Advisors Inc. now owns 25,868 shares of the company’s stock worth $632,000 after buying an additional 7,568 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust TCW Unconstrained Plus Bond ETF by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,172,007 shares of the company’s stock valued at $53,106,000 after buying an additional 97,698 shares during the period. CoreCap Advisors LLC acquired a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter valued at approximately $7,875,000. Finally, PFG Advisors lifted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.3% during the 2nd quarter. PFG Advisors now owns 180,745 shares of the company’s stock worth $4,419,000 after acquiring an additional 55,472 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.1 %

NYSEARCA UCON opened at $25.25 on Tuesday. First Trust TCW Unconstrained Plus Bond ETF has a 1 year low of $23.45 and a 1 year high of $25.30. The firm’s 50 day simple moving average is $24.88 and its 200 day simple moving average is $24.61.

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.