First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Reaches New 1-Year Low – Time to Sell?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $23.72 and last traded at $24.50, with a volume of 16187 shares changing hands. The stock had previously closed at $24.56.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

The company has a 50-day moving average price of $24.84 and a 200 day moving average price of $24.98.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 14.2% during the fourth quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock worth $306,068,000 after acquiring an additional 1,509,510 shares during the last quarter. Trilogy Capital Inc. bought a new stake in First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at $34,449,000. Ameriprise Financial Inc. increased its holdings in First Trust TCW Unconstrained Plus Bond ETF by 44.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock valued at $100,689,000 after acquiring an additional 1,238,354 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in First Trust TCW Unconstrained Plus Bond ETF by 3,132.6% in the 1st quarter. Arkadios Wealth Advisors now owns 1,062,860 shares of the company’s stock valued at $26,327,000 after acquiring an additional 1,029,981 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 318.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,302,870 shares of the company’s stock worth $32,793,000 after purchasing an additional 991,683 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Company 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.