Advisory Services Network LLC Reduces Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Advisory Services Network LLC trimmed its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,939 shares of the company’s stock after selling 2,651 shares during the period. Advisory Services Network LLC owned 0.05% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in HYLS. Rathbones Group PLC boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% in the fourth quarter. Rathbones Group PLC now owns 9,670 shares of the company’s stock valued at $400,000 after acquiring an additional 400 shares in the last quarter. Bank of Montreal Can raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 386.2% during the 4th quarter. Bank of Montreal Can now owns 11,888 shares of the company’s stock worth $491,000 after buying an additional 9,443 shares during the last quarter. Aristides Capital LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 12.0% during the fourth quarter. Aristides Capital LLC now owns 6,058 shares of the company’s stock worth $250,000 after purchasing an additional 650 shares in the last quarter. World Investment Advisors acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $474,000. Finally, FSB Premier Wealth Management Inc. lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 16.3% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 28,224 shares of the company’s stock valued at $1,167,000 after acquiring an additional 3,954 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.9 %

Shares of NASDAQ HYLS opened at $40.56 on Tuesday. The firm has a 50-day moving average price of $41.20 and a 200 day moving average price of $41.50. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $39.49 and a 52 week high of $42.55.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.215 per share. The ex-dividend date was Thursday, March 27th. This represents a $2.58 annualized dividend and a yield of 6.36%.

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.