Tandem Financial LLC Reduces Position in TCW Flexible Income ETF $FLXR

Tandem Financial LLC cut its position in TCW Flexible Income ETF (NYSEARCA:FLXR) by 28.3% during the fourth quarter, HoldingsChannel reports. The firm owned 41,234 shares of the company’s stock after selling 16,314 shares during the quarter. TCW Flexible Income ETF accounts for 1.5% of Tandem Financial LLC’s holdings, making the stock its 17th biggest position. Tandem Financial LLC’s holdings in TCW Flexible Income ETF were worth $1,595,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FLXR. Jane Street Group LLC increased its position in shares of TCW Flexible Income ETF by 25.5% in the 1st quarter. Jane Street Group LLC now owns 43,800 shares of the company’s stock valued at $1,716,000 after purchasing an additional 8,900 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of TCW Flexible Income ETF by 23.7% in the 2nd quarter. Baird Financial Group Inc. now owns 53,099 shares of the company’s stock valued at $2,095,000 after purchasing an additional 10,162 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of TCW Flexible Income ETF by 5,541.5% in the 2nd quarter. Raymond James Financial Inc. now owns 322,130 shares of the company’s stock valued at $12,708,000 after purchasing an additional 316,420 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new stake in shares of TCW Flexible Income ETF in the 2nd quarter valued at approximately $9,148,000. Finally, Bank of America Corp DE increased its position in shares of TCW Flexible Income ETF by 142.2% in the 2nd quarter. Bank of America Corp DE now owns 2,594,650 shares of the company’s stock valued at $102,359,000 after purchasing an additional 1,523,535 shares during the last quarter.

TCW Flexible Income ETF Price Performance

Shares of NYSEARCA:FLXR opened at $39.07 on Tuesday. TCW Flexible Income ETF has a 52 week low of $38.93 and a 52 week high of $39.97. The company’s 50 day moving average is $39.22 and its two-hundred day moving average is $39.48.

About TCW Flexible Income ETF

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.