First Trust Advisors LP Has $111.12 Million Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

First Trust Advisors LP cut its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,688,490 shares of the company’s stock after selling 114,652 shares during the period. First Trust Advisors LP owned approximately 6.72% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $111,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HYLS. SteelPeak Wealth LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.6% in the fourth quarter. SteelPeak Wealth LLC now owns 15,800 shares of the company’s stock valued at $653,000 after purchasing an additional 400 shares in the last quarter. Rathbones Group PLC lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% in the 4th quarter. Rathbones Group PLC now owns 9,670 shares of the company’s stock valued at $400,000 after acquiring an additional 400 shares in the last quarter. Walker Asset Management LLC boosted its position in 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 during the last quarter. JPMorgan Chase & Co. boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 93.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,253 shares of the company’s stock worth $52,000 after acquiring an additional 605 shares in the last quarter.

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

Shares of HYLS stock opened at $40.85 on Monday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $39.49 and a 12 month high of $42.55. The company’s fifty day simple moving average is $41.13 and its 200-day simple moving average is $41.46.

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

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $2.58 annualized dividend and a yield of 6.32%.

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