First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Reaches New 1-Year Low – Should You Sell?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) shares hit a new 52-week low during trading on Thursday. The company traded as low as $23.57 and last traded at $23.66, with a volume of 119413 shares traded. The stock had previously closed at $23.75.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

The business’s 50 day moving average price is $24.48 and its 200-day moving average price is $24.73.

Institutional Investors Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 14.2% in the 4th quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock valued at $306,068,000 after buying an additional 1,509,510 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 5.4% in the first quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock worth $99,168,000 after acquiring an additional 203,447 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 2,623,316 shares of the company’s stock valued at $65,268,000 after purchasing an additional 167,138 shares during the last quarter. Trilogy Capital Inc. boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 6.2% in the second quarter. Trilogy Capital Inc. now owns 1,572,195 shares of the company’s stock valued at $39,116,000 after purchasing an additional 91,824 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 6.6% during the 1st quarter. Cetera Investment Advisers now owns 1,436,630 shares of the company’s stock valued at $35,585,000 after purchasing an additional 88,522 shares in the last quarter.

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.