Acorn Wealth Advisors LLC Makes New $753,000 Investment in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Acorn Wealth Advisors LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,219 shares of the company’s stock, valued at approximately $753,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth about $298,000. Activest Wealth Management bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter valued at approximately $27,000. Atria Investments Inc boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 85.3% in the 3rd quarter. Atria Investments Inc now owns 11,718 shares of the company’s stock worth $492,000 after purchasing an additional 5,395 shares during the period. Janney Montgomery Scott LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 165,170 shares of the company’s stock valued at $6,827,000 after purchasing an additional 4,392 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 32,275 shares of the company’s stock valued at $1,354,000 after buying an additional 513 shares during the period.

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

NASDAQ HYLS opened at $41.52 on Tuesday. 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. The company has a fifty day moving average of $41.53 and a two-hundred day moving average of $41.67.

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

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.215 per share. The ex-dividend date is Friday, February 21st. This represents a $2.58 annualized dividend and a yield of 6.21%.

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.