Exchange Traded Concepts LLC Raises Stock Holdings in TCW Flexible Income ETF $FLXR

Exchange Traded Concepts LLC boosted its position in TCW Flexible Income ETF (NYSEARCA:FLXR) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 492,595 shares of the company’s stock after purchasing an additional 18,566 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.78% of TCW Flexible Income ETF worth $19,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of TCW Flexible Income ETF by 67.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,294 shares of the company’s stock valued at $91,000 after buying an additional 927 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of TCW Flexible Income ETF in the 3rd quarter worth about $185,000. Darden Wealth Group Inc bought a new position in shares of TCW Flexible Income ETF in the 3rd quarter worth about $205,000. Wellspring Financial Advisors LLC purchased a new position in TCW Flexible Income ETF during the 2nd quarter valued at about $209,000. Finally, Truist Financial Corp purchased a new position in TCW Flexible Income ETF during the 3rd quarter valued at about $220,000.

TCW Flexible Income ETF Price Performance

NYSEARCA:FLXR opened at $39.05 on Friday. TCW Flexible Income ETF has a one year low of $38.40 and a one year high of $39.97. The company’s 50-day simple moving average is $39.54 and its 200 day simple moving average is $39.65.

TCW Flexible Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.20 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Monday, March 2nd.

TCW Flexible Income ETF Company Profile

The TCW Flexible Income ETF (FLXR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that seeks to provide consistent income. The fund has the flexibility to invest across a wide spectrum of security type, credit quality and maturity profiles FLXR was launched on Nov 30, 2018 and is issued by TCW.