Maridea Wealth Management LLC Takes $3.06 Million Position in TCW Flexible Income ETF $FLXR

Maridea Wealth Management LLC bought a new stake in shares of TCW Flexible Income ETF (NYSEARCA:FLXR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 76,839 shares of the company’s stock, valued at approximately $3,064,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FLXR. Captrust Financial Advisors boosted its position in TCW Flexible Income ETF by 5.0% during the 2nd quarter. Captrust Financial Advisors now owns 4,268,785 shares of the company’s stock valued at $168,404,000 after acquiring an additional 202,366 shares in the last quarter. Bank of America Corp DE boosted its position in shares of TCW Flexible Income ETF by 142.2% in the 2nd quarter. Bank of America Corp DE now owns 2,594,650 shares of the company’s stock worth $102,359,000 after purchasing an additional 1,523,535 shares in the last quarter. First Pacific Financial grew its stake in TCW Flexible Income ETF by 3.0% during the 3rd quarter. First Pacific Financial now owns 1,938,278 shares of the company’s stock worth $77,143,000 after buying an additional 56,732 shares during the last quarter. Morton Capital Management LLC CA increased its position in TCW Flexible Income ETF by 7.1% during the 3rd quarter. Morton Capital Management LLC CA now owns 1,471,823 shares of the company’s stock valued at $58,579,000 after buying an additional 97,974 shares in the last quarter. Finally, Cary Street Partners Financial LLC raised its stake in TCW Flexible Income ETF by 13.6% in the second quarter. Cary Street Partners Financial LLC now owns 1,303,769 shares of the company’s stock valued at $51,434,000 after buying an additional 156,424 shares during the last quarter.

TCW Flexible Income ETF Trading Down 0.0%

FLXR stock opened at $39.76 on Wednesday. TCW Flexible Income ETF has a 52 week low of $38.40 and a 52 week high of $39.97. The firm has a 50 day moving average of $39.64 and a 200 day moving average of $39.69.

TCW Flexible Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.20 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, February 2nd.

TCW Flexible Income ETF Profile

The TCW Flexible Income ETF (FLXR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that seeks to provide consistent income. The fund has the flexibility to invest across a wide spectrum of security type, credit quality and maturity profiles FLXR was launched on Nov 30, 2018 and is issued by TCW.