First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Position Boosted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 100.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 129,078 shares of the company’s stock after purchasing an additional 64,777 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $5,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 24.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 326,669 shares of the company’s stock worth $13,406,000 after purchasing an additional 64,050 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% in the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock valued at $39,000 after buying an additional 490 shares in the last quarter. MGO One Seven LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.7% in the 2nd quarter. MGO One Seven LLC now owns 7,434 shares of the company’s stock valued at $311,000 after buying an additional 1,224 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.3% in the first quarter. Cetera Investment Advisers now owns 295,046 shares of the company’s stock worth $12,109,000 after buying an additional 36,990 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 37.6% during the first quarter. Raymond James Financial Inc. now owns 498,836 shares of the company’s stock valued at $20,472,000 after acquiring an additional 136,221 shares in the last quarter.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.75 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $39.49 and a 1-year high of $42.40. The firm’s fifty day simple moving average is $42.01 and its 200-day simple moving average is $41.71.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were paid a $0.225 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Tuesday, October 21st.

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.