Fairway Financial LLC Invests $2.79 Million in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

Fairway Financial LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 112,973 shares of the company’s stock, valued at approximately $2,785,000. First Trust TCW Unconstrained Plus Bond ETF makes up about 2.5% of Fairway Financial LLC’s holdings, making the stock its 15th biggest holding. Fairway Financial LLC owned approximately 0.12% of First Trust TCW Unconstrained Plus Bond ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Huntington National Bank raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 2,466.7% during the third quarter. Huntington National Bank now owns 1,155 shares of the company’s stock worth $29,000 after acquiring an additional 1,110 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the third quarter valued at approximately $37,000. Pinnacle Bancorp Inc. purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at approximately $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 20.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,680 shares of the company’s stock worth $66,000 after purchasing an additional 463 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

UCON stock opened at $24.73 on Friday. The stock’s fifty day simple moving average is $24.65 and its two-hundred day simple moving average is $24.83. First Trust TCW Unconstrained Plus Bond ETF has a 1-year low of $24.09 and a 1-year high of $25.34.

First Trust TCW Unconstrained Plus Bond ETF Profile

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.