Morling Financial Advisors LLC Makes New Investment in TCW Flexible Income ETF $FLXR

Morling Financial Advisors LLC purchased a new stake in TCW Flexible Income ETF (NYSEARCA:FLXR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 668,998 shares of the company’s stock, valued at approximately $26,392,000. TCW Flexible Income ETF comprises approximately 8.6% of Morling Financial Advisors LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in TCW Flexible Income ETF by 125.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,367 shares of the company’s stock valued at $54,000 after buying an additional 760 shares during the period. AE Wealth Management LLC acquired a new stake in shares of TCW Flexible Income ETF during the first quarter valued at about $112,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of TCW Flexible Income ETF during the first quarter valued at about $166,000. Concurrent Investment Advisors LLC purchased a new stake in shares of TCW Flexible Income ETF in the 2nd quarter valued at approximately $269,000. Finally, Atria Investments Inc acquired a new position in shares of TCW Flexible Income ETF in the 2nd quarter worth approximately $282,000.

TCW Flexible Income ETF Stock Performance

NYSEARCA:FLXR opened at $39.67 on Wednesday. TCW Flexible Income ETF has a 52 week low of $38.40 and a 52 week high of $39.97. The stock’s fifty day moving average is $39.77 and its two-hundred day moving average is $39.48.

TCW Flexible Income ETF Company Profile

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.