Kestra Private Wealth Services LLC Buys 2,220 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Kestra Private Wealth Services LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,007 shares of the company’s stock after acquiring an additional 2,220 shares during the period. Kestra Private Wealth Services LLC owned about 0.13% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $1,913,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Global Retirement Partners LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,940 shares of the company’s stock valued at $80,000 after buying an additional 322 shares during the period. NBC Securities Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth approximately $110,000. Koshinski Asset Management Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth approximately $243,000. Diversified LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth approximately $257,000. Finally, Strategic Blueprint LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth approximately $271,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.3 %

Shares of NASDAQ HYLS opened at $40.58 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $37.78 and a 1-year high of $41.79. The business’s 50 day moving average is $40.91 and its 200-day moving average is $40.63.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.2125 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $2.55 dividend on an annualized basis and a dividend yield of 6.28%.

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.