First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Strong Trading Volume – Should You Buy?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw an uptick in trading volume on Tuesday . 1,777,172 shares traded hands during trading, an increase of 148% from the previous session’s volume of 717,580 shares.The stock last traded at $24.84 and had previously closed at $24.84.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

The business’s 50-day simple moving average is $24.74 and its two-hundred day simple moving average is $24.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter valued at approximately $697,000. Centaurus Financial Inc. acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF during the 4th quarter worth approximately $232,000. Park Square Financial Group LLC purchased a new position in First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at approximately $3,155,000. B. Riley Wealth Advisors Inc. grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 56.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,247 shares of the company’s stock worth $672,000 after acquiring an additional 9,884 shares in the last quarter. Finally, Armis Advisers LLC purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter worth $3,508,000.

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.