Advisory Services Network LLC Trims Stock Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Advisory Services Network LLC lowered its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,939 shares of the company’s stock after selling 2,651 shares during the quarter. Advisory Services Network LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $865,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Rathbones Group PLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% during the 4th quarter. Rathbones Group PLC now owns 9,670 shares of the company’s stock worth $400,000 after acquiring an additional 400 shares during the period. Bank of Montreal Can boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 386.2% during the 4th quarter. Bank of Montreal Can now owns 11,888 shares of the company’s stock worth $491,000 after purchasing an additional 9,443 shares during the period. Aristides Capital LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 12.0% in the fourth quarter. Aristides Capital LLC now owns 6,058 shares of the company’s stock worth $250,000 after buying an additional 650 shares during the period. World Investment Advisors acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at approximately $474,000. Finally, FSB Premier Wealth Management Inc. grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 16.3% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 28,224 shares of the company’s stock valued at $1,167,000 after purchasing an additional 3,954 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.9 %

Shares of NASDAQ HYLS opened at $40.56 on Tuesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $39.49 and a 1 year high of $42.55. The stock’s 50-day simple moving average is $41.20 and its 200-day simple moving average is $41.50.

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

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.215 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $2.58 annualized dividend and a yield of 6.36%.

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.