First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Unusually-High Trading Volume – What’s Next?

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw an uptick in trading volume on Wednesday . 884,305 shares traded hands during mid-day trading, an increase of 33% from the previous session’s volume of 666,613 shares.The stock last traded at $24.65 and had previously closed at $24.75.

First Trust TCW Unconstrained Plus Bond ETF Trading Down 0.3 %

The stock’s 50-day moving average is $25.02 and its 200 day moving average is $24.73.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 360,999 shares of the company’s stock worth $8,881,000 after purchasing an additional 13,183 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 41.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 112,295 shares of the company’s stock valued at $2,762,000 after buying an additional 33,000 shares during the last quarter. PFG Advisors raised its holdings in First Trust TCW Unconstrained Plus Bond ETF by 14.6% during the 1st quarter. PFG Advisors now owns 125,273 shares of the company’s stock worth $3,082,000 after purchasing an additional 15,931 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 3.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 169,704 shares of the company’s stock worth $4,175,000 after buying an additional 5,737 shares during the period. Finally, US Bancorp DE grew its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 13.6% in the 1st quarter. US Bancorp DE now owns 162,569 shares of the company’s stock valued at $3,999,000 after buying an additional 19,459 shares during the period.

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.