First Trust Tactical High Yield ETF (HYLS) to Issue Monthly Dividend of $0.22 on January 31st

First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Wednesday, January 25th will be paid a dividend of 0.219 per share on Tuesday, January 31st. This represents a $2.63 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date is Tuesday, January 24th. This is an increase from First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

First Trust Tactical High Yield ETF Price Performance

Shares of HYLS opened at $40.03 on Wednesday. The firm has a 50-day moving average of $39.76 and a 200-day moving average of $40.03. First Trust Tactical High Yield ETF has a one year low of $38.07 and a one year high of $47.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP raised its stake in First Trust Tactical High Yield ETF by 44.6% in the 1st quarter. First Trust Advisors LP now owns 3,204,640 shares of the company’s stock worth $146,644,000 after purchasing an additional 988,586 shares in the last quarter. Citadel Advisors LLC raised its stake in First Trust Tactical High Yield ETF by 581.3% in the 3rd quarter. Citadel Advisors LLC now owns 170,659 shares of the company’s stock worth $6,540,000 after purchasing an additional 145,611 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in First Trust Tactical High Yield ETF in the 1st quarter worth about $5,020,000. Baird Financial Group Inc. raised its stake in First Trust Tactical High Yield ETF by 73.0% in the 3rd quarter. Baird Financial Group Inc. now owns 179,644 shares of the company’s stock worth $6,884,000 after purchasing an additional 75,782 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in First Trust Tactical High Yield ETF by 8.8% in the 1st quarter. Royal Bank of Canada now owns 927,650 shares of the company’s stock worth $42,449,000 after purchasing an additional 74,817 shares in the last quarter.