First Trust TCW Unconstrained Plus Bond ETF $UCON Position Boosted by Spectrum Wealth Advisory Group LLC

Spectrum Wealth Advisory Group LLC raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 79.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 683,331 shares of the company’s stock after purchasing an additional 302,458 shares during the quarter. First Trust TCW Unconstrained Plus Bond ETF comprises about 7.9% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its 5th biggest holding. Spectrum Wealth Advisory Group LLC’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $17,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Maseco LLP bought a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter worth about $41,000. Bank of Montreal Can bought a new position in First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter valued at about $42,000. Chilton Capital Management LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter worth about $82,000. Creekmur Asset Management LLC raised its position in First Trust TCW Unconstrained Plus Bond ETF by 365.8% in the 2nd quarter. Creekmur Asset Management LLC now owns 3,987 shares of the company’s stock worth $99,000 after purchasing an additional 3,131 shares during the period. Finally, Spire Wealth Management lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 10.6% in the second quarter. Spire Wealth Management now owns 5,606 shares of the company’s stock worth $140,000 after purchasing an additional 538 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.2%

UCON opened at $25.19 on Tuesday. The stock’s 50 day moving average price is $25.24 and its 200-day moving average price is $24.98. First Trust TCW Unconstrained Plus Bond ETF has a one year low of $24.38 and a one year high of $25.40.

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.