Beacon Financial Advisory LLC Invests $10.29 Million in TCW Flexible Income ETF $FLXR

Beacon Financial Advisory LLC acquired a new position in shares of TCW Flexible Income ETF (NYSEARCA:FLXR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 259,835 shares of the company’s stock, valued at approximately $10,289,000. TCW Flexible Income ETF comprises about 2.4% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 5th biggest position. Beacon Financial Advisory LLC owned about 0.40% of TCW Flexible Income ETF as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. MML Investors Services LLC boosted its holdings in shares of TCW Flexible Income ETF by 40.1% during the fourth quarter. MML Investors Services LLC now owns 116,116 shares of the company’s stock worth $4,598,000 after purchasing an additional 33,246 shares during the last quarter. Mariner LLC boosted its holdings in shares of TCW Flexible Income ETF by 41.5% during the fourth quarter. Mariner LLC now owns 87,631 shares of the company’s stock worth $3,470,000 after purchasing an additional 25,711 shares during the last quarter. Arax Advisory Partners acquired a new stake in shares of TCW Flexible Income ETF during the fourth quarter worth $6,866,000. Blue Jean Financial LLC acquired a new stake in shares of TCW Flexible Income ETF during the fourth quarter worth $1,348,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of TCW Flexible Income ETF during the fourth quarter worth $61,000.

TCW Flexible Income ETF Stock Performance

FLXR stock opened at $39.17 on Tuesday. TCW Flexible Income ETF has a 52-week low of $38.93 and a 52-week high of $39.97. The stock’s fifty day simple moving average is $39.20 and its 200-day simple moving average is $39.43.

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.