Keudell Morrison Wealth Management Cuts Stock Position in TCW Flexible Income ETF $FLXR

Keudell Morrison Wealth Management cut its holdings in TCW Flexible Income ETF (NYSEARCA:FLXR) by 7.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,100,368 shares of the company’s stock after selling 84,620 shares during the quarter. TCW Flexible Income ETF makes up about 8.8% of Keudell Morrison Wealth Management’s holdings, making the stock its 2nd largest holding. Keudell Morrison Wealth Management’s holdings in TCW Flexible Income ETF were worth $43,211,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of FLXR. Pinnacle Bancorp Inc. lifted its stake in TCW Flexible Income ETF by 286.1% in the fourth quarter. Pinnacle Bancorp Inc. now owns 668 shares of the company’s stock valued at $26,000 after buying an additional 495 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of TCW Flexible Income ETF during the fourth quarter worth $61,000. OpenArc Corporate Advisory LLC bought a new stake in shares of TCW Flexible Income ETF during the fourth quarter worth $207,000. Bensler LLC acquired a new stake in shares of TCW Flexible Income ETF during the fourth quarter worth $239,000. Finally, Darden Wealth Group Inc raised its holdings in shares of TCW Flexible Income ETF by 26.2% during the fourth quarter. Darden Wealth Group Inc now owns 6,500 shares of the company’s stock worth $257,000 after acquiring an additional 1,350 shares during the period.

TCW Flexible Income ETF Stock Performance

Shares of TCW Flexible Income ETF stock opened at $39.10 on Wednesday. The stock’s 50-day moving average is $39.19 and its 200-day moving average is $39.40. TCW Flexible Income ETF has a one year low of $38.93 and a one year high of $39.97.

TCW Flexible Income ETF Company 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.