BlueChip Wealth Advisors LLC Purchases 739 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

BlueChip Wealth Advisors LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 3.8% in the fourth quarter, Holdings Channel reports. The firm owned 20,313 shares of the company’s stock after acquiring an additional 739 shares during the quarter. BlueChip Wealth Advisors LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $840,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at approximately $14,987,000. Independent Advisor Alliance bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $13,428,000. Private Advisor Group LLC boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% during the 4th quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock valued at $14,921,000 after purchasing an additional 184,622 shares during the last quarter. Ocean Park Asset Management LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth $2,538,000. Finally, RiverTree Advisors LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth $1,949,000.

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

Shares of NASDAQ:HYLS opened at $41.02 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.12 and a 1 year high of $42.55. The stock’s fifty day moving average price is $41.49 and its 200-day moving average price is $41.64.

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

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.215 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Thursday, March 27th.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.