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

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw unusually-high trading volume on Tuesday . Approximately 1,777,172 shares changed hands during mid-day trading, an increase of 148% from the previous session’s volume of 717,580 shares.The stock last traded at $24.84 and had previously closed at $24.84.

First Trust TCW Unconstrained Plus Bond ETF Stock Down 0.1 %

The firm’s 50 day moving average price is $24.73 and its two-hundred day moving average price is $24.82.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 13.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,636 shares of the company’s stock valued at $361,000 after buying an additional 1,682 shares during the period. Brookstone Capital Management boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 27.0% during the fourth quarter. Brookstone Capital Management now owns 16,543 shares of the company’s stock valued at $408,000 after purchasing an additional 3,517 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 133.0% in the third quarter. JPMorgan Chase & Co. now owns 1,246,222 shares of the company’s stock valued at $31,318,000 after acquiring an additional 711,314 shares during the last quarter. Park National Corp OH grew its position in First Trust TCW Unconstrained Plus Bond ETF by 18.2% in the fourth quarter. Park National Corp OH now owns 843,002 shares of the company’s stock worth $20,780,000 after acquiring an additional 129,836 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 24.3% during the 3rd quarter. MML Investors Services LLC now owns 243,031 shares of the company’s stock worth $6,107,000 after purchasing an additional 47,586 shares during the last quarter.

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.