Beacon Financial Advisory LLC Buys New Holdings in TCW Flexible Income ETF $FLXR

Beacon Financial Advisory LLC bought a new stake in TCW Flexible Income ETF (NYSEARCA:FLXR) during the fourth quarter, Holdings Channel reports. The fund bought 259,835 shares of the company’s stock, valued at approximately $10,289,000. TCW Flexible Income ETF comprises about 2.4% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in TCW Flexible Income ETF by 12.3% in the third quarter. Captrust Financial Advisors now owns 4,792,936 shares of the company’s stock valued at $190,759,000 after acquiring an additional 524,151 shares during the last quarter. Bank of America Corp DE boosted its holdings in TCW Flexible Income ETF by 46.5% in the third quarter. Bank of America Corp DE now owns 3,802,200 shares of the company’s stock valued at $151,328,000 after acquiring an additional 1,207,550 shares during the last quarter. UBS Group AG boosted its holdings in TCW Flexible Income ETF by 25.8% in the fourth quarter. UBS Group AG now owns 2,897,393 shares of the company’s stock valued at $114,737,000 after acquiring an additional 593,856 shares during the last quarter. LPL Financial LLC boosted its holdings in TCW Flexible Income ETF by 13.8% in the fourth quarter. LPL Financial LLC now owns 2,498,998 shares of the company’s stock valued at $98,960,000 after acquiring an additional 302,239 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in TCW Flexible Income ETF by 416.0% in the fourth quarter. Morgan Stanley now owns 2,209,223 shares of the company’s stock valued at $87,485,000 after acquiring an additional 1,781,091 shares during the last quarter.

TCW Flexible Income ETF Trading Up 0.1%

Shares of TCW Flexible Income ETF stock opened at $39.17 on Tuesday. The business’s fifty day moving average price is $39.20 and its 200 day moving average price is $39.43. TCW Flexible Income ETF has a twelve month low of $38.93 and a twelve month high of $39.97.

TCW Flexible Income ETF Company 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.