First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Large Volume Increase

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw unusually-strong trading volume on Thursday . Approximately 203,401 shares traded hands during mid-day trading, a decline of 52% from the previous session’s volume of 419,471 shares.The stock last traded at $24.27 and had previously closed at $24.15.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

The stock has a 50 day moving average of $24.23 and a 200 day moving average of $24.25.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the 4th quarter valued at $39,000. WealthPLAN Partners LLC purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the first quarter valued at about $39,000. Horan Securities Inc. bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the first quarter valued at about $42,000. Money Concepts Capital Corp purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter worth about $49,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 1st quarter valued at about $50,000.

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.