First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Strong Trading Volume – What’s Next?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw unusually-strong trading volume on Monday . 502,679 shares traded hands during mid-day trading, a decline of 13% from the previous session’s volume of 574,737 shares.The stock last traded at $24.58 and had previously closed at $24.52.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.2%

The business has a 50 day simple moving average of $24.82 and a 200-day simple moving average of $24.96.

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

Several hedge funds and other institutional investors have recently bought and sold shares of UCON. LPL Financial LLC raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 14.2% during the fourth quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock worth $306,068,000 after purchasing an additional 1,509,510 shares during the period. Trilogy Capital Inc. acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the 4th quarter worth approximately $34,449,000. Ameriprise Financial Inc. increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock worth $100,689,000 after buying an additional 1,238,354 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 3,132.6% during the 1st quarter. Arkadios Wealth Advisors now owns 1,062,860 shares of the company’s stock worth $26,327,000 after buying an additional 1,029,981 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 318.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,302,870 shares of the company’s stock valued at $32,793,000 after buying an additional 991,683 shares during the period.

About First Trust TCW Unconstrained Plus Bond ETF

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.