First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $24.07 and traded as low as $23.96. First Trust TCW Unconstrained Plus Bond ETF shares last traded at $24.04, with a volume of 2,874,573 shares trading hands.

First Trust TCW Unconstrained Plus Bond ETF Trading Down 0.5%

The firm has a 50-day moving average of $24.05 and a 200 day moving average of $24.68.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Gateway Wealth Partners LLC increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 121.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 690,142 shares of the company’s stock worth $17,095,000 after buying an additional 379,005 shares during the period. Triumph Capital Management boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 25.4% in the 2nd quarter. Triumph Capital Management now owns 241,682 shares of the company’s stock valued at $6,013,000 after buying an additional 48,998 shares during the last quarter. Fifth Third Securities Inc. purchased a new position in First Trust TCW Unconstrained Plus Bond ETF in the 3rd quarter valued at about $1,105,000. Integrated Wealth Concepts LLC grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 9.4% during the second quarter. Integrated Wealth Concepts LLC now owns 982,703 shares of the company’s stock valued at $24,450,000 after acquiring an additional 84,095 shares in the last quarter. Finally, Puff Wealth Management LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the second quarter valued at about $1,355,000.

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.