Econ Financial Services Corp Has $4.40 Million Stake in First Trust TCW Unconstrained Plus Bond ETF $UCON

Econ Financial Services Corp increased its position in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 56.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,973 shares of the company’s stock after acquiring an additional 63,269 shares during the quarter. First Trust TCW Unconstrained Plus Bond ETF comprises about 2.2% of Econ Financial Services Corp’s investment portfolio, making the stock its 8th largest position. Econ Financial Services Corp owned approximately 0.14% of First Trust TCW Unconstrained Plus Bond ETF worth $4,404,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in UCON. Savvy Advisors Inc. raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 2.7% during the 3rd quarter. Savvy Advisors Inc. now owns 15,508 shares of the company’s stock worth $391,000 after purchasing an additional 405 shares during the last quarter. Axis Wealth Partners LLC boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.1% in the 3rd quarter. Axis Wealth Partners LLC now owns 12,557 shares of the company’s stock valued at $316,000 after purchasing an additional 490 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 1.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 35,286 shares of the company’s stock worth $889,000 after buying an additional 559 shares during the period. Cresset Asset Management LLC grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 9.2% during the 2nd quarter. Cresset Asset Management LLC now owns 9,018 shares of the company’s stock worth $224,000 after buying an additional 757 shares during the period. Finally, Clear Creek Financial Management LLC raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 1.9% during the third quarter. Clear Creek Financial Management LLC now owns 41,904 shares of the company’s stock worth $1,055,000 after buying an additional 785 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

Shares of NYSEARCA UCON opened at $24.77 on Wednesday. The company’s 50 day simple moving average is $25.09 and its 200 day simple moving average is $25.17. First Trust TCW Unconstrained Plus Bond ETF has a fifty-two week low of $24.38 and a fifty-two week high of $25.63.

First Trust TCW Unconstrained Plus Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a dividend of $0.09 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend 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.