Beacon Financial Group Sells 61,070 Shares of First Trust TCW Unconstrained Plus Bond ETF $UCON

Beacon Financial Group lessened its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 35.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,083 shares of the company’s stock after selling 61,070 shares during the period. Beacon Financial Group’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $2,801,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in UCON. Huntleigh Advisors Inc. grew its position in First Trust TCW Unconstrained Plus Bond ETF by 2.5% during the fourth quarter. Huntleigh Advisors Inc. now owns 18,059 shares of the company’s stock worth $455,000 after buying an additional 439 shares in the last quarter. Axis Wealth Partners LLC raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 4.0% in the 4th quarter. Axis Wealth Partners LLC now owns 13,058 shares of the company’s stock valued at $329,000 after acquiring an additional 501 shares in the last quarter. Titleist Asset Management LLC raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 6.8% in the 4th quarter. Titleist Asset Management LLC now owns 9,701 shares of the company’s stock valued at $244,000 after acquiring an additional 620 shares in the last quarter. Cresset Asset Management LLC lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 9.2% during the second quarter. Cresset Asset Management LLC now owns 9,018 shares of the company’s stock worth $224,000 after purchasing an additional 757 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,773 shares of the company’s stock worth $69,000 after acquiring an additional 850 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.1%

Shares of UCON stock opened at $24.83 on Friday. First Trust TCW Unconstrained Plus Bond ETF has a fifty-two week low of $24.41 and a fifty-two week high of $25.63. The stock’s fifty day moving average price is $24.88 and its two-hundred day moving average price is $25.01.

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.