First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Unusually-High Trading Volume – Time to Buy?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw unusually-high trading volume on Monday . 502,679 shares traded hands during mid-day trading, a decline of 13% from the previous session’s volume of 574,737 shares.The stock last traded at $24.58 and had previously closed at $24.52.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

The firm has a 50 day moving average price of $24.83 and a two-hundred day moving average price of $24.97.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 14.2% in the fourth quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock valued at $306,068,000 after acquiring an additional 1,509,510 shares in the last quarter. Morgan Stanley grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 6.6% during the 4th quarter. Morgan Stanley now owns 8,336,565 shares of the company’s stock worth $209,831,000 after acquiring an additional 518,585 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,230,550 shares of the company’s stock worth $156,823,000 after purchasing an additional 286,822 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 5.4% in the 1st quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock valued at $99,168,000 after purchasing an additional 203,447 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock valued at $100,689,000 after purchasing an additional 1,238,354 shares in the last quarter.

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.