Truist Financial Corp Has $39.97 Million Position in First Trust TCW Unconstrained Plus Bond ETF $UCON

Truist Financial Corp lowered its holdings in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 16.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,586,848 shares of the company’s stock after selling 312,198 shares during the quarter. Truist Financial Corp owned 1.29% of First Trust TCW Unconstrained Plus Bond ETF worth $39,970,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UCON. Csenge Advisory Group boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 3.1% in the third quarter. Csenge Advisory Group now owns 1,285,637 shares of the company’s stock valued at $32,383,000 after buying an additional 39,154 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter valued at $803,000. Earned Wealth Advisors LLC boosted its stake in First Trust TCW Unconstrained Plus Bond ETF by 29.9% in the third quarter. Earned Wealth Advisors LLC now owns 419,964 shares of the company’s stock worth $10,578,000 after purchasing an additional 96,708 shares in the last quarter. XML Financial LLC boosted its stake in First Trust TCW Unconstrained Plus Bond ETF by 6.9% in the third quarter. XML Financial LLC now owns 330,116 shares of the company’s stock worth $8,315,000 after purchasing an additional 21,442 shares in the last quarter. Finally, Live Oak Investment Partners grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 20.7% during the third quarter. Live Oak Investment Partners now owns 357,979 shares of the company’s stock worth $9,017,000 after purchasing an additional 61,380 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.2%

Shares of NYSEARCA UCON opened at $25.15 on Friday. First Trust TCW Unconstrained Plus Bond ETF has a 1-year low of $24.38 and a 1-year high of $25.63. The company has a 50-day moving average of $25.17 and a two-hundred day moving average of $25.13.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.