1,184,988 Shares in TCW Flexible Income ETF $FLXR Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new position in TCW Flexible Income ETF (NYSEARCA:FLXR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,184,988 shares of the company’s stock, valued at approximately $46,926,000. TCW Flexible Income ETF makes up about 9.9% of Keudell Morrison Wealth Management’s portfolio, making the stock its biggest holding. Keudell Morrison Wealth Management owned approximately 1.80% of TCW Flexible Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlueStem Wealth Partners LLC increased its holdings in TCW Flexible Income ETF by 17.1% in the 3rd quarter. BlueStem Wealth Partners LLC now owns 394,823 shares of the company’s stock worth $15,714,000 after acquiring an additional 57,682 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in TCW Flexible Income ETF by 18.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,234,435 shares of the company’s stock worth $49,131,000 after acquiring an additional 189,577 shares in the last quarter. Weaver Capital Management LLC increased its holdings in TCW Flexible Income ETF by 9.8% in the 4th quarter. Weaver Capital Management LLC now owns 510,726 shares of the company’s stock worth $20,225,000 after acquiring an additional 45,635 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in TCW Flexible Income ETF by 101.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 84,165 shares of the company’s stock worth $3,350,000 after acquiring an additional 42,441 shares in the last quarter. Finally, CWM LLC increased its holdings in TCW Flexible Income ETF by 31.8% in the 4th quarter. CWM LLC now owns 266,395 shares of the company’s stock worth $10,549,000 after acquiring an additional 64,337 shares in the last quarter.

TCW Flexible Income ETF Price Performance

Shares of NYSEARCA FLXR opened at $39.13 on Friday. The firm has a fifty day moving average of $39.23 and a 200 day moving average of $39.50. TCW Flexible Income ETF has a one year low of $38.93 and a one year high of $39.97.

TCW Flexible Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.20 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, March 2nd.

TCW Flexible Income ETF Company 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.