Silver Lake Advisory LLC Makes New Investment in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

Silver Lake Advisory LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the second quarter, Holdings Channel.com reports. The fund purchased 88,916 shares of the company’s stock, valued at approximately $2,174,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gradient Investments LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF during the second quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter worth about $54,000. Benjamin Edwards Inc. acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF in the 1st quarter valued at about $79,000. International Assets Investment Management LLC purchased a new position in First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter valued at about $101,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF during the second quarter worth about $240,000.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

Shares of UCON opened at $25.17 on Friday. First Trust TCW Unconstrained Plus Bond ETF has a 1-year low of $23.45 and a 1-year high of $25.34. The firm has a 50 day simple moving average of $24.99 and a 200-day simple moving average of $24.65.

First Trust TCW Unconstrained Plus Bond ETF Company 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.