Wealth Advisory Team LLC Buys Shares of 314,054 First Trust TCW Unconstrained Plus Bond ETF $UCON

Wealth Advisory Team LLC bought a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the fourth quarter, HoldingsChannel.com reports. The firm bought 314,054 shares of the company’s stock, valued at approximately $7,905,000. First Trust TCW Unconstrained Plus Bond ETF makes up about 7.0% of Wealth Advisory Team LLC’s holdings, making the stock its 5th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 44.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock valued at $100,689,000 after buying an additional 1,238,354 shares during the last quarter. Bank of America Corp DE raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 3,799,150 shares of the company’s stock valued at $95,693,000 after buying an additional 59,713 shares during the last quarter. HighTower Advisors LLC raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 2,366,022 shares of the company’s stock valued at $59,596,000 after buying an additional 75,044 shares during the last quarter. Raymond James Financial Inc. raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 15.0% during the 3rd quarter. Raymond James Financial Inc. now owns 2,234,761 shares of the company’s stock valued at $56,290,000 after buying an additional 290,839 shares during the last quarter. Finally, Truist Financial Corp raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 6.7% during the 4th quarter. Truist Financial Corp now owns 1,693,691 shares of the company’s stock valued at $42,630,000 after buying an additional 106,843 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Trading Down 0.1%

Shares of UCON opened at $24.89 on Friday. The firm has a fifty day simple moving average of $24.92 and a two-hundred day simple moving average of $25.10. First Trust TCW Unconstrained Plus Bond ETF has a 1-year low of $24.41 and a 1-year high of $25.63.

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.