Fairway Financial LLC Purchases New Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Fairway Financial LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,180 shares of the company’s stock, valued at approximately $379,000. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF makes up 0.3% of Fairway Financial LLC’s portfolio, making the stock its 19th biggest position.

Several other hedge funds also recently made changes to their positions in HYLS. International Assets Investment Management LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 57,296.0% during the third quarter. International Assets Investment Management LLC now owns 6,800,284 shares of the company’s stock worth $285,340,000 after buying an additional 6,788,436 shares in the last quarter. LPL Financial LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% in the third quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock worth $133,484,000 after acquiring an additional 668,100 shares during the period. Private Advisor Group LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% in the fourth quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock worth $14,921,000 after acquiring an additional 184,622 shares during the period. KMG Fiduciary Partners LLC lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.6% in the fourth quarter. KMG Fiduciary Partners LLC now owns 316,515 shares of the company’s stock valued at $13,082,000 after buying an additional 11,109 shares during the period. Finally, Raymond James & Associates raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 28.1% during the third quarter. Raymond James & Associates now owns 280,616 shares of the company’s stock worth $11,775,000 after purchasing an additional 61,485 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.0 %

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.70 on Friday. The stock has a fifty day simple moving average of $41.54 and a 200 day simple moving average of $41.65. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.12 and a 12-month high of $42.55.

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

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.215 per share. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $2.58 annualized dividend and a dividend yield of 6.19%.

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.