LPL Financial LLC Boosts Stock Position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

LPL Financial LLC lifted its position in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,963,596 shares of the company’s stock after purchasing an additional 1,644,378 shares during the period. LPL Financial LLC owned 12.82% of First Trust TCW Unconstrained Plus Bond ETF worth $294,903,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. 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 stake 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 stake 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. increased its position 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 acquiring an additional 463 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake 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 Price Performance

Shares of UCON opened at $24.82 on Monday. The firm 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 twelve month low of $24.09 and a twelve month 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.