Peak Financial Management Inc. Increases Position in TCW Flexible Income ETF $FLXR

Peak Financial Management Inc. lifted its holdings in shares of TCW Flexible Income ETF (NYSEARCA:FLXR) by 21.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 279,656 shares of the company’s stock after buying an additional 48,738 shares during the period. TCW Flexible Income ETF makes up approximately 2.8% of Peak Financial Management Inc.’s holdings, making the stock its 16th largest position. Peak Financial Management Inc. owned approximately 0.37% of TCW Flexible Income ETF worth $10,982,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FLXR. Morgan Stanley increased its position in TCW Flexible Income ETF by 416.0% in the 4th quarter. Morgan Stanley now owns 2,209,223 shares of the company’s stock valued at $87,485,000 after acquiring an additional 1,781,091 shares during the period. Bank of America Corp DE lifted its position in TCW Flexible Income ETF by 142.2% during the 2nd quarter. Bank of America Corp DE now owns 2,594,650 shares of the company’s stock worth $102,359,000 after acquiring an additional 1,523,535 shares during the period. Keudell Morrison Wealth Management acquired a new stake in TCW Flexible Income ETF during the 4th quarter worth approximately $46,926,000. UBS Group AG grew its stake in shares of TCW Flexible Income ETF by 96.4% in the 3rd quarter. UBS Group AG now owns 2,303,537 shares of the company’s stock valued at $91,681,000 after purchasing an additional 1,130,812 shares during the last quarter. Finally, Wells Fargo & Company MN purchased a new position in shares of TCW Flexible Income ETF in the 4th quarter valued at approximately $32,081,000.

TCW Flexible Income ETF Price Performance

NYSEARCA:FLXR opened at $39.05 on Friday. The stock’s 50 day simple moving average is $39.16 and its 200-day simple moving average is $39.38. TCW Flexible Income ETF has a 12-month low of $38.93 and a 12-month high of $39.97.

About TCW Flexible Income ETF

The TCW Flexible Income ETF (FLXR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that seeks to provide consistent income. The fund has the flexibility to invest across a wide spectrum of security type, credit quality and maturity profiles FLXR was launched on Nov 30, 2018 and is issued by TCW.