First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Hits New 12-Month High – Should You Buy?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.63 and last traded at $25.2350, with a volume of 71068 shares changing hands. The stock had previously closed at $25.26.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

The firm has a 50-day moving average price of $25.24 and a 200-day moving average price of $25.01.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Savvy Advisors Inc. grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 2.7% in the 3rd quarter. Savvy Advisors Inc. now owns 15,508 shares of the company’s stock worth $391,000 after acquiring an additional 405 shares during the last quarter. Axis Wealth Partners LLC increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 4.2% in the 2nd quarter. Axis Wealth Partners LLC now owns 12,067 shares of the company’s stock worth $300,000 after purchasing an additional 486 shares in the last quarter. Chris Bulman Inc lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 2.8% during the second quarter. Chris Bulman Inc now owns 18,130 shares of the company’s stock valued at $451,000 after buying an additional 493 shares in the last quarter. Brookstone Capital Management increased its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 2.6% in the second quarter. Brookstone Capital Management now owns 19,747 shares of the company’s stock worth $492,000 after acquiring an additional 493 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 10.6% during the second quarter. Spire Wealth Management now owns 5,606 shares of the company’s stock valued at $140,000 after acquiring an additional 538 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.