Beacon Financial Group Raises Stock Position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

Beacon Financial Group boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 17.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 242,616 shares of the company’s stock after buying an additional 36,400 shares during the period. Beacon Financial Group owned 0.17% of First Trust TCW Unconstrained Plus Bond ETF worth $6,005,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of UCON. Raymond James Financial Inc. purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter worth $45,297,000. LPL Financial LLC increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 15.9% in the 4th quarter. LPL Financial LLC now owns 11,963,596 shares of the company’s stock worth $294,903,000 after buying an additional 1,644,378 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 25.2% in the 4th quarter. Bank of America Corp DE now owns 4,827,054 shares of the company’s stock worth $118,987,000 after buying an additional 972,637 shares in the last quarter. Wells Fargo & Company MN increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 28.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,211,307 shares of the company’s stock worth $103,809,000 after buying an additional 921,134 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 15.6% in the 4th quarter. Harbour Investments Inc. now owns 3,975,370 shares of the company’s stock worth $97,993,000 after buying an additional 536,285 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.3%

Shares of UCON stock opened at $24.76 on Thursday. The stock has a fifty day simple moving average of $24.64 and a two-hundred day simple moving average of $24.70. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $24.38 and a 52-week high of $25.34.

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.