First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Shares Acquired by Fairway Financial LLC

Fairway Financial LLC grew its stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,129 shares of the company’s stock after purchasing an additional 12,156 shares during the period. First Trust TCW Unconstrained Plus Bond ETF makes up approximately 2.8% of Fairway Financial LLC’s portfolio, making the stock its 15th biggest holding. Fairway Financial LLC owned about 0.09% of First Trust TCW Unconstrained Plus Bond ETF worth $3,097,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the first quarter valued at approximately $61,000. PNC Financial Services Group Inc. acquired a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter valued at approximately $68,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 81.7% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,869 shares of the company’s stock valued at $121,000 after purchasing an additional 2,189 shares during the period. Spire Wealth Management increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 77.0% in the first quarter. Spire Wealth Management now owns 5,068 shares of the company’s stock valued at $125,000 after purchasing an additional 2,204 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 138.4% in the fourth quarter. Signaturefd LLC now owns 5,960 shares of the company’s stock valued at $147,000 after purchasing an additional 3,460 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

NYSEARCA:UCON opened at $24.85 on Friday. The stock’s 50 day simple moving average is $24.71 and its 200-day simple moving average is $24.70. First Trust TCW Unconstrained Plus Bond ETF has a 12-month low of $24.38 and a 12-month high of $25.34.

First Trust TCW Unconstrained Plus Bond ETF 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.