Spartan Wealth Advisory Services LLC Makes New $15.52 Million Investment in First Trust TCW Unconstrained Plus Bond ETF $UCON

Spartan Wealth Advisory Services LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 626,701 shares of the company’s stock, valued at approximately $15,523,000. First Trust TCW Unconstrained Plus Bond ETF accounts for about 1.4% of Spartan Wealth Advisory Services LLC’s investment portfolio, making the stock its 13th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of UCON. Parallel Advisors LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter valued at about $36,000. Sound Income Strategies LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF during the first quarter worth about $39,000. TD Capital Management LLC bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter worth about $48,000. Ascentis Independent Advisors bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the first quarter worth about $55,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at approximately $57,000.

First Trust TCW Unconstrained Plus Bond ETF Stock Down 0.1%

Shares of First Trust TCW Unconstrained Plus Bond ETF stock opened at $24.78 on Friday. The firm’s 50 day moving average is $24.86 and its 200 day moving average is $24.99. First Trust TCW Unconstrained Plus Bond ETF has a 1 year low of $24.41 and a 1 year high of $25.63.

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.