Tidemark LLC Takes Position in TCW Flexible Income ETF $FLXR

Tidemark LLC purchased a new position in shares of TCW Flexible Income ETF (NYSEARCA:FLXR) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 376,485 shares of the company’s stock, valued at approximately $14,984,000. TCW Flexible Income ETF comprises about 4.4% of Tidemark LLC’s holdings, making the stock its 8th biggest position.

Several other hedge funds also recently bought and sold shares of FLXR. PNC Financial Services Group Inc. increased its stake in TCW Flexible Income ETF by 67.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,294 shares of the company’s stock worth $91,000 after purchasing an additional 927 shares during the period. AE Wealth Management LLC grew its holdings in shares of TCW Flexible Income ETF by 13.1% in the second quarter. AE Wealth Management LLC now owns 3,236 shares of the company’s stock worth $128,000 after purchasing an additional 376 shares during the last quarter. Wellspring Financial Advisors LLC bought a new position in shares of TCW Flexible Income ETF in the second quarter worth about $209,000. Truist Financial Corp purchased a new position in TCW Flexible Income ETF in the 3rd quarter worth about $220,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in TCW Flexible Income ETF by 42.4% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 6,028 shares of the company’s stock valued at $238,000 after buying an additional 1,796 shares in the last quarter.

TCW Flexible Income ETF Stock Performance

Shares of FLXR stock opened at $39.74 on Thursday. The company’s 50-day simple moving average is $39.65 and its two-hundred day simple moving average is $39.66. TCW Flexible Income ETF has a one year low of $38.40 and a one year high of $39.97.

TCW Flexible Income ETF 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.