Gateway Wealth Partners LLC Makes New $459,000 Investment in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON)

Gateway Wealth Partners LLC acquired a new position in shares of First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) in the third quarter, Holdings Channel reports. The fund acquired 18,283 shares of the company’s stock, valued at approximately $459,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Financial Futures Ltd Liability Co. lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 5.1% during the 3rd quarter. Financial Futures Ltd Liability Co. now owns 435,303 shares of the company’s stock worth $10,939,000 after acquiring an additional 21,261 shares during the period. Lunt Capital Management Inc. lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 7.9% during the 3rd quarter. Lunt Capital Management Inc. now owns 128,347 shares of the company’s stock worth $3,225,000 after acquiring an additional 9,370 shares during the period. J.W. Cole Advisors Inc. lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 5.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 27,313 shares of the company’s stock worth $686,000 after acquiring an additional 1,445 shares during the period. Arkadios Wealth Advisors lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 12.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 15,503 shares of the company’s stock worth $390,000 after acquiring an additional 1,669 shares during the period. Finally, Silver Oak Securities Incorporated lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 431.2% during the 3rd quarter. Silver Oak Securities Incorporated now owns 46,659 shares of the company’s stock worth $1,174,000 after acquiring an additional 37,876 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

Shares of UCON stock opened at $24.73 on Wednesday. The stock has a 50 day simple moving average of $25.05 and a 200-day simple moving average of $24.72. First Trust TCW Unconstrained Plus Bond ETF has a 12-month low of $23.58 and a 12-month high of $25.34.

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.