Ocean Park Asset Management LLC Buys New Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Ocean Park Asset Management LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 61,400 shares of the company’s stock, valued at approximately $2,538,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 57,296.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,800,284 shares of the company’s stock worth $285,340,000 after buying an additional 6,788,436 shares during the last quarter. LPL Financial LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% during the 3rd quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock valued at $133,484,000 after purchasing an additional 668,100 shares during the period. KMG Fiduciary Partners LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.6% in the 4th quarter. KMG Fiduciary Partners LLC now owns 316,515 shares of the company’s stock worth $13,082,000 after purchasing an additional 11,109 shares in the last quarter. Raymond James & Associates lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 28.1% in the 3rd quarter. Raymond James & Associates now owns 280,616 shares of the company’s stock worth $11,775,000 after purchasing an additional 61,485 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 208,021 shares of the company’s stock worth $8,729,000 after purchasing an additional 8,112 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.2 %

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.63 on Tuesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $40.12 and a fifty-two week high of $42.55. The stock’s 50 day simple moving average is $41.58 and its two-hundred day simple moving average is $41.62.

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

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a $0.215 dividend. This represents a $2.58 annualized dividend and a yield of 6.20%. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21. The ex-dividend date was 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.