Synergy Investment Management LLC Increases Stock Position in First Trust TCW Unconstrained Plus Bond ETF $UCON

Synergy Investment Management LLC boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,751 shares of the company’s stock after acquiring an additional 29,914 shares during the quarter. First Trust TCW Unconstrained Plus Bond ETF accounts for approximately 2.5% of Synergy Investment Management LLC’s holdings, making the stock its 11th largest position. Synergy Investment Management LLC owned approximately 0.22% of First Trust TCW Unconstrained Plus Bond ETF worth $7,092,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 166.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,923 shares of the company’s stock worth $48,000 after purchasing an additional 1,200 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at $57,000. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust TCW Unconstrained Plus Bond ETF by 2,289.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,588 shares of the company’s stock worth $114,000 after buying an additional 4,396 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in First Trust TCW Unconstrained Plus Bond ETF by 167.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 4,860 shares of the company’s stock worth $122,000 after buying an additional 3,044 shares in the last quarter. Finally, AE Wealth Management LLC raised its position in First Trust TCW Unconstrained Plus Bond ETF by 28.1% in the 3rd quarter. AE Wealth Management LLC now owns 5,200 shares of the company’s stock worth $131,000 after buying an additional 1,142 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

UCON opened at $24.77 on Tuesday. The company’s 50-day simple moving average is $24.90 and its two-hundred day simple moving average is $25.09. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $24.41 and a 52-week high of $25.63.

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.