Fountainhead AM LLC Acquires 18,519 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Fountainhead AM LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 115.3% during the second quarter, Holdings Channel reports. The fund owned 34,576 shares of the company’s stock after acquiring an additional 18,519 shares during the quarter. Fountainhead AM LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HYLS. IFP Advisors Inc boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% during the second quarter. IFP Advisors Inc now owns 595 shares of the company’s stock worth $25,000 after purchasing an additional 254 shares during the period. GAMMA Investing LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% during the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock worth $39,000 after buying an additional 490 shares during the last quarter. MGB Wealth Management LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter worth about $41,000. IMG Wealth Management Inc. lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 16.0% during the 2nd quarter. IMG Wealth Management Inc. now owns 4,361 shares of the company’s stock worth $182,000 after purchasing an additional 600 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at approximately $217,000.

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

Shares of HYLS stock opened at $41.75 on Monday. The stock has a 50 day simple moving average of $42.01 and a 200 day simple moving average of $41.73. 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.

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. Investors of record on Tuesday, October 21st were paid a $0.225 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, October 21st.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company 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.