SteelPeak Wealth LLC Buys 400 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

SteelPeak Wealth LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 2.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,800 shares of the company’s stock after buying an additional 400 shares during the period. SteelPeak Wealth LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $653,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arkadios Wealth Advisors boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the third quarter. Arkadios Wealth Advisors now owns 15,676 shares of the company’s stock valued at $658,000 after purchasing an additional 289 shares in the last quarter. MBE Wealth Management LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.2% in the 3rd quarter. MBE Wealth Management LLC now owns 13,062 shares of the company’s stock valued at $548,000 after buying an additional 411 shares in the last quarter. Financial Advocates Investment Management grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% in the 3rd quarter. Financial Advocates Investment Management now owns 23,488 shares of the company’s stock worth $986,000 after buying an additional 448 shares during the last quarter. Walker Asset Management LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.8% during the 4th quarter. Walker Asset Management LLC now owns 18,647 shares of the company’s stock worth $771,000 after acquiring an additional 500 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the third quarter. OneDigital Investment Advisors LLC now owns 32,275 shares of the company’s stock valued at $1,354,000 after acquiring an additional 513 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

Shares of HYLS opened at $41.67 on Friday. The company has a 50 day moving average of $41.60 and a two-hundred day moving average of $41.58. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.12 and a twelve month high of $42.55.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.215 per share. This represents a $2.58 annualized dividend and a yield of 6.19%. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, January 22nd.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.