First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Large Volume Increase – Here’s Why

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw unusually-strong trading volume on Monday . 1,272,591 shares were traded during mid-day trading, an increase of 125% from the previous session’s volume of 566,842 shares.The stock last traded at $24.58 and had previously closed at $24.56.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

The firm has a 50 day moving average price of $24.75 and a 200-day moving average price of $24.90.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Huntleigh Advisors Inc. grew its position in First Trust TCW Unconstrained Plus Bond ETF by 2.5% during the fourth quarter. Huntleigh Advisors Inc. now owns 18,059 shares of the company’s stock valued at $455,000 after buying an additional 439 shares during the period. Axis Wealth Partners LLC increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.0% in the fourth quarter. Axis Wealth Partners LLC now owns 13,058 shares of the company’s stock worth $329,000 after purchasing an additional 501 shares during the last quarter. Titleist Asset Management LLC raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 6.8% during the fourth quarter. Titleist Asset Management LLC now owns 9,701 shares of the company’s stock valued at $244,000 after purchasing an additional 620 shares in the last quarter. Cresset Asset Management LLC grew its position in First Trust TCW Unconstrained Plus Bond ETF by 9.2% in the second quarter. Cresset Asset Management LLC now owns 9,018 shares of the company’s stock worth $224,000 after acquiring an additional 757 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 14.0% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 6,356 shares of the company’s stock valued at $157,000 after acquiring an additional 783 shares during the period.

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.