Exchange Traded Concepts LLC Increases Stock Position in TCW Flexible Income ETF $FLXR

Exchange Traded Concepts LLC boosted its holdings in TCW Flexible Income ETF (NYSEARCA:FLXR) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,595 shares of the company’s stock after acquiring an additional 18,566 shares during the quarter. Exchange Traded Concepts LLC’s holdings in TCW Flexible Income ETF were worth $19,507,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its stake in shares of TCW Flexible Income ETF by 67.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,294 shares of the company’s stock worth $91,000 after purchasing an additional 927 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of TCW Flexible Income ETF during the third quarter valued at $185,000. Darden Wealth Group Inc purchased a new stake in shares of TCW Flexible Income ETF during the third quarter valued at $205,000. Wellspring Financial Advisors LLC purchased a new stake in shares of TCW Flexible Income ETF during the second quarter valued at $209,000. Finally, Truist Financial Corp bought a new stake in TCW Flexible Income ETF in the 3rd quarter worth about $220,000.

TCW Flexible Income ETF Stock Performance

NYSEARCA FLXR opened at $39.05 on Friday. TCW Flexible Income ETF has a one year low of $38.40 and a one year high of $39.97. The stock has a 50-day moving average of $39.54 and a 200 day moving average of $39.65.

TCW Flexible Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, March 2nd.

TCW Flexible Income ETF 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.