First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sets New 12-Month High – What’s Next?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $25.63 and last traded at $25.2350, with a volume of 71068 shares changing hands. The stock had previously closed at $25.26.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

The stock has a 50-day simple moving average of $25.24 and a 200-day simple moving average of $25.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 7.2% during the first quarter. Atria Wealth Solutions Inc. now owns 154,710 shares of the company’s stock valued at $3,829,000 after purchasing an additional 10,398 shares in the last quarter. Savvy Advisors Inc. bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the 1st quarter worth approximately $496,000. Berger Financial Group Inc lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 78.3% during the first quarter. Berger Financial Group Inc now owns 26,391 shares of the company’s stock valued at $653,000 after acquiring an additional 11,593 shares during the last quarter. SouthState Corp acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF in the first quarter valued at approximately $1,830,000. Finally, HighTower Advisors LLC boosted its stake in First Trust TCW Unconstrained Plus Bond ETF by 4.7% in the first quarter. HighTower Advisors LLC now owns 2,242,464 shares of the company’s stock valued at $55,501,000 after acquiring an additional 100,626 shares in the last quarter.

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.