First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Reaches New 1-Year Low – Time to Sell?

Shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.72 and last traded at $24.50, with a volume of 16187 shares traded. The stock had previously closed at $24.56.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

The business has a 50-day moving average of $24.84 and a 200 day moving average of $24.98.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of large investors have recently added to or reduced their stakes in UCON. Abound Wealth Management purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the second quarter valued at $31,000. Parallel Advisors LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at $36,000. Sound Income Strategies LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the first quarter valued at $39,000. TD Capital Management LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at $48,000. Finally, Ascentis Independent Advisors bought a new position in First Trust TCW Unconstrained Plus Bond ETF during the first quarter valued at $55,000.

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.