Compass Financial Management LLC Buys New Shares in First Trust TCW Unconstrained Plus Bond ETF $UCON

Compass Financial Management LLC bought a new position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the second quarter, Holdings Channel.com reports. The firm bought 29,065 shares of the company’s stock, valued at approximately $723,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 14.2% during the 4th quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock valued at $306,068,000 after purchasing an additional 1,509,510 shares during the last quarter. Morgan Stanley increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.6% in the fourth quarter. Morgan Stanley now owns 8,336,565 shares of the company’s stock valued at $209,831,000 after purchasing an additional 518,585 shares during the period. Wells Fargo & Company MN raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,230,550 shares of the company’s stock worth $156,823,000 after purchasing an additional 286,822 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 5.4% in the first quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock worth $99,168,000 after purchasing an additional 203,447 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% in the third quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock worth $100,689,000 after purchasing an additional 1,238,354 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

First Trust TCW Unconstrained Plus Bond ETF stock opened at $24.56 on Monday. The stock has a 50-day moving average price of $24.75 and a 200 day moving average price of $24.90. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $23.72 and a 52 week high of $25.63.

About First Trust TCW Unconstrained Plus Bond ETF

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.