First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC lowered its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,675 shares of the company’s stock after selling 10,923 shares during the quarter. Advisory Alpha LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $1,061,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.2% in the second quarter. Envestnet Asset Management Inc. now owns 256,586 shares of the company’s stock worth $10,425,000 after acquiring an additional 15,017 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 31.1% during the second quarter. Renaissance Technologies LLC now owns 70,300 shares of the company’s stock valued at $2,856,000 after purchasing an additional 16,693 shares during the last quarter. AE Wealth Management LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth about $602,000. Elevation Capital Advisory LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth approximately $2,768,000. Finally, NewEdge Advisors LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.6% during the second quarter. NewEdge Advisors LLC now owns 81,784 shares of the company’s stock valued at $3,323,000 after buying an additional 5,086 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.6 %

Shares of HYLS opened at $41.51 on Thursday. The company’s 50 day moving average price is $41.61 and its 200 day moving average price is $41.56. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $40.12 and a 52 week high of $42.55.

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

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.215 per share. This represents a $2.58 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend is Wednesday, January 22nd. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21.

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.