First Trust TCW Unconstrained Plus Bond ETF $UCON Shares Sold by Nova Wealth Management Inc.

Nova Wealth Management Inc. lessened its position in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,914 shares of the company’s stock after selling 61,440 shares during the quarter. First Trust TCW Unconstrained Plus Bond ETF comprises 3.3% of Nova Wealth Management Inc.’s holdings, making the stock its 3rd largest position. Nova Wealth Management Inc. owned 0.15% of First Trust TCW Unconstrained Plus Bond ETF worth $4,780,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UCON. Northwest Wealth Management LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF in the 4th quarter valued at $557,000. Chris Bulman Inc boosted its stake in First Trust TCW Unconstrained Plus Bond ETF by 25.5% during the 4th quarter. Chris Bulman Inc now owns 30,039 shares of the company’s stock worth $756,000 after purchasing an additional 6,103 shares during the last quarter. EdgeRock Capital LLC boosted its stake in First Trust TCW Unconstrained Plus Bond ETF by 1.5% during the 4th quarter. EdgeRock Capital LLC now owns 681,875 shares of the company’s stock worth $17,163,000 after purchasing an additional 9,957 shares during the last quarter. Adamsbrown Wealth Consultants LLC purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter worth $209,000. Finally, CoreCap Advisors LLC grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 7.9% during the fourth quarter. CoreCap Advisors LLC now owns 338,279 shares of the company’s stock worth $8,514,000 after buying an additional 24,684 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

Shares of NYSEARCA UCON opened at $24.58 on Monday. The firm has a 50-day simple moving average of $25.10 and a 200-day simple moving average of $25.18. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $24.38 and a 52 week high of $25.63.

First Trust TCW Unconstrained Plus Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, February 20th.

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.