Summit Financial LLC Takes Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Summit Financial LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 39,889 shares of the company’s stock, valued at approximately $1,637,000. Summit Financial LLC owned 0.10% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2,275.4% in the fourth quarter. JPMorgan Chase & Co. now owns 15,084 shares of the company’s stock valued at $623,000 after acquiring an additional 14,449 shares during the period. Stifel Financial Corp grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.3% in the fourth quarter. Stifel Financial Corp now owns 174,595 shares of the company’s stock valued at $7,216,000 after acquiring an additional 10,333 shares during the period. MGO One Seven LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% in the fourth quarter. MGO One Seven LLC now owns 6,550 shares of the company’s stock valued at $271,000 after acquiring an additional 830 shares during the period. Coppell Advisory Solutions LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 206.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 5,933 shares of the company’s stock valued at $245,000 after acquiring an additional 3,997 shares during the period. Finally, Topsail Wealth Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at $83,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.5%

Shares of NASDAQ:HYLS opened at $41.90 on Friday. The business’s fifty day moving average price is $41.76 and its two-hundred day moving average price is $41.39. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $39.49 and a fifty-two week high of $42.55.

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

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 21st will be given a $0.24 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. The ex-dividend date is Thursday, August 21st.

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.