First Trust TCW Unconstrained Plus Bond ETF $UCON Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lowered its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 758,653 shares of the company’s stock after selling 203,596 shares during the period. Dynamic Advisor Solutions LLC owned about 0.60% of First Trust TCW Unconstrained Plus Bond ETF worth $19,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock worth $100,689,000 after purchasing an additional 1,238,354 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 1.6% in the 3rd quarter. Bank of America Corp DE now owns 3,799,150 shares of the company’s stock valued at $95,693,000 after purchasing an additional 59,713 shares in the last quarter. HighTower Advisors LLC grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 3.3% during the third quarter. HighTower Advisors LLC now owns 2,366,022 shares of the company’s stock worth $59,596,000 after buying an additional 75,044 shares during the period. Raymond James Financial Inc. increased its holdings in First Trust TCW Unconstrained Plus Bond ETF by 15.0% in the 3rd quarter. Raymond James Financial Inc. now owns 2,234,761 shares of the company’s stock valued at $56,290,000 after purchasing an additional 290,839 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,642,526 shares of the company’s stock valued at $41,373,000 after buying an additional 31,961 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

NYSEARCA UCON opened at $24.74 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 company’s fifty day simple moving average is $25.15 and its 200-day simple moving average is $25.19.

First Trust TCW Unconstrained Plus Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

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.