Ameritas Advisory Services LLC Sells 148,627 Shares of First Trust TCW Unconstrained Plus Bond ETF $UCON

Ameritas Advisory Services LLC trimmed its stake in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 89.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,548 shares of the company’s stock after selling 148,627 shares during the quarter. Ameritas Advisory Services LLC’s holdings in First Trust TCW Unconstrained Plus Bond ETF were worth $442,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 7.1% during the third quarter. Assetmark Inc. now owns 13,952 shares of the company’s stock valued at $351,000 after purchasing an additional 923 shares in the last quarter. Savvy Advisors Inc. raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 2.7% in the 3rd quarter. Savvy Advisors Inc. now owns 15,508 shares of the company’s stock valued at $391,000 after buying an additional 405 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 1.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 35,286 shares of the company’s stock valued at $889,000 after buying an additional 559 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 16.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 202,536 shares of the company’s stock worth $5,102,000 after buying an additional 28,993 shares during the period. Finally, Western Wealth Management LLC grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 7.0% during the 3rd quarter. Western Wealth Management LLC now owns 414,483 shares of the company’s stock worth $10,440,000 after acquiring an additional 27,166 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.2%

Shares of NYSEARCA:UCON opened at $25.35 on Monday. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $24.38 and a 52 week high of $25.63. The firm’s fifty day moving average is $25.17 and its 200-day moving average is $25.16.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 4.3%.

First Trust TCW Unconstrained Plus Bond ETF Profile

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.