Pasadena Private Wealth LLC Reduces Position in TCW Flexible Income ETF $FLXR

Pasadena Private Wealth LLC trimmed its holdings in TCW Flexible Income ETF (NYSEARCA:FLXR) by 10.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 316,105 shares of the company’s stock after selling 38,510 shares during the quarter. TCW Flexible Income ETF comprises approximately 1.7% of Pasadena Private Wealth LLC’s portfolio, making the stock its 15th biggest position. Pasadena Private Wealth LLC owned about 0.42% of TCW Flexible Income ETF worth $12,413,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Jane Street Group LLC lifted its stake in TCW Flexible Income ETF by 25.5% during the 1st quarter. Jane Street Group LLC now owns 43,800 shares of the company’s stock valued at $1,716,000 after acquiring an additional 8,900 shares during the period. Baird Financial Group Inc. grew its stake in shares of TCW Flexible Income ETF by 23.7% in the second quarter. Baird Financial Group Inc. now owns 53,099 shares of the company’s stock worth $2,095,000 after acquiring an additional 10,162 shares during the period. Raymond James Financial Inc. grew its stake in shares of TCW Flexible Income ETF by 5,541.5% in the second quarter. Raymond James Financial Inc. now owns 322,130 shares of the company’s stock worth $12,708,000 after acquiring an additional 316,420 shares during the period. Ausdal Financial Partners Inc. purchased a new position in shares of TCW Flexible Income ETF during the second quarter valued at approximately $9,148,000. Finally, Bank of America Corp DE raised its holdings in shares of TCW Flexible Income ETF by 142.2% during the second 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 Stock Performance

Shares of TCW Flexible Income ETF stock opened at $39.24 on Monday. TCW Flexible Income ETF has a twelve month low of $38.93 and a twelve month high of $39.97. The company’s 50 day moving average is $39.19 and its 200 day moving average is $39.40.

TCW Flexible Income ETF 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.