Defined Wealth Management LLC Buys New Shares in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

Defined Wealth Management LLC bought a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 93,641 shares of the company’s stock, valued at approximately $2,290,000. First Trust TCW Unconstrained Plus Bond ETF makes up approximately 1.6% of Defined Wealth Management LLC’s investment portfolio, making the stock its 18th largest position.

Other large investors also recently modified their holdings of the company. UBS Group AG increased its holdings in First Trust TCW Unconstrained Plus Bond ETF by 166.3% in the 4th quarter. UBS Group AG now owns 4,432,546 shares of the company’s stock valued at $109,661,000 after acquiring an additional 2,767,863 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 288.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 792,747 shares of the company’s stock worth $19,383,000 after buying an additional 588,549 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 59.1% in the 1st quarter. Osaic Holdings Inc. now owns 1,475,875 shares of the company’s stock worth $36,307,000 after buying an additional 548,375 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 68.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,187,238 shares of the company’s stock worth $29,206,000 after buying an additional 482,281 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 143.6% in the 1st quarter. Cetera Investment Advisers now owns 750,004 shares of the company’s stock worth $18,450,000 after buying an additional 442,101 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

First Trust TCW Unconstrained Plus Bond ETF stock opened at $25.11 on Friday. The company’s 50-day moving average price is $24.79 and its 200-day moving average price is $24.57. First Trust TCW Unconstrained Plus Bond ETF has a twelve month low of $23.45 and a twelve month high of $25.13.

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.