Madison Investment Advisors LLC Acquires New Position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

Madison Investment Advisors LLC bought a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 188,108 shares of the company’s stock, valued at approximately $4,637,000.

Several other institutional investors also recently made changes to their positions in UCON. GHP Investment Advisors Inc. bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at approximately $31,000. Truvestments Capital LLC bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the third quarter valued at approximately $37,000. Pinnacle Bancorp Inc. bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 20.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,680 shares of the company’s stock valued at $66,000 after purchasing an additional 463 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at approximately $68,000.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.0 %

NYSEARCA:UCON opened at $24.82 on Friday. The stock has a 50 day moving average of $24.75 and a 200-day moving average of $24.82. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $24.09 and a 52 week high of $25.34.

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.