Snowden Capital Advisors LLC Purchases 1,488 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Snowden Capital Advisors LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 6.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,008 shares of the company’s stock after purchasing an additional 1,488 shares during the quarter. Snowden Capital Advisors LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $992,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% during the fourth quarter. Royal Bank of Canada now owns 815,924 shares of the company’s stock worth $33,722,000 after purchasing an additional 103,535 shares during the period. Bank of America Corp DE raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.9% during the 4th quarter. Bank of America Corp DE now owns 761,374 shares of the company’s stock valued at $31,468,000 after purchasing an additional 340,538 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth approximately $14,987,000. Private Advisor Group LLC lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% in the 4th quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock worth $14,921,000 after buying an additional 184,622 shares during the period. Finally, Jane Street Group LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4,796.8% in the 4th quarter. Jane Street Group LLC now owns 348,017 shares of the company’s stock worth $14,384,000 after buying an additional 340,910 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.47 on Tuesday. The business has a 50 day moving average of $40.94 and a 200 day moving average of $41.37. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were issued a $0.215 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.58 annualized dividend and a yield of 6.22%.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.