Defined Wealth Management LLC Grows Stock Position in First Trust TCW Unconstrained Plus Bond ETF $UCON

Defined Wealth Management LLC boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 104,676 shares of the company’s stock after buying an additional 3,416 shares during the period. First Trust TCW Unconstrained Plus Bond ETF makes up approximately 1.6% of Defined Wealth Management LLC’s holdings, making the stock its 19th largest holding. Defined Wealth Management LLC’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $2,605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Balefire LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter valued at $551,000. NBC Securities Inc. raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 7.8% during the 2nd quarter. NBC Securities Inc. now owns 51,887 shares of the company’s stock valued at $1,291,000 after buying an additional 3,762 shares during the period. TrueWealth Advisors LLC raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 18.7% during the 2nd quarter. TrueWealth Advisors LLC now owns 236,886 shares of the company’s stock valued at $5,896,000 after buying an additional 37,287 shares during the period. HBW Advisory Services LLC raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 776.4% during the 2nd quarter. HBW Advisory Services LLC now owns 389,311 shares of the company’s stock valued at $9,690,000 after buying an additional 344,889 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the 1st quarter valued at $1,139,000.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

NYSEARCA:UCON opened at $25.28 on Wednesday. The stock’s fifty day moving average is $24.95 and its 200 day moving average is $24.80. First Trust TCW Unconstrained Plus Bond ETF has a fifty-two week low of $24.38 and a fifty-two week high of $25.34.

First Trust TCW Unconstrained Plus Bond ETF Company 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.