Beacon Financial Group Has $2.80 Million Stake in First Trust TCW Unconstrained Plus Bond ETF $UCON

Beacon Financial Group reduced its position in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) by 35.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,083 shares of the company’s stock after selling 61,070 shares during the quarter. Beacon Financial Group owned 0.09% of First Trust TCW Unconstrained Plus Bond ETF worth $2,801,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UCON. Goldman Sachs Group Inc. bought a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 1st quarter valued at about $1,139,000. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 2,289.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,588 shares of the company’s stock worth $114,000 after purchasing an additional 4,396 shares during the period. Cresset Asset Management LLC increased its position in First Trust TCW Unconstrained Plus Bond ETF by 9.2% during the second quarter. Cresset Asset Management LLC now owns 9,018 shares of the company’s stock worth $224,000 after buying an additional 757 shares during the last quarter. NewEdge Advisors LLC increased its position in First Trust TCW Unconstrained Plus Bond ETF by 7.2% during the second quarter. NewEdge Advisors LLC now owns 432,079 shares of the company’s stock worth $10,754,000 after buying an additional 29,076 shares during the last quarter. Finally, Betterment LLC raised its stake in First Trust TCW Unconstrained Plus Bond ETF by 88.3% in the second quarter. Betterment LLC now owns 18,529 shares of the company’s stock valued at $461,000 after buying an additional 8,689 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.1%

UCON opened at $24.83 on Friday. First Trust TCW Unconstrained Plus Bond ETF has a 12-month low of $24.41 and a 12-month high of $25.63. The business has a 50 day moving average of $24.88 and a 200-day moving average of $25.01.

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.