First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Stock Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 6,513.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 600,000 shares of the company’s stock after purchasing an additional 590,927 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $23,568,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% during the 1st quarter. Royal Bank of Canada now owns 751,041 shares of the company’s stock valued at $30,470,000 after buying an additional 39,905 shares in the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 331,759 shares of the company’s stock worth $13,486,000 after acquiring an additional 14,618 shares in the last quarter. Elevation Point Wealth Partners LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% in the first quarter. Elevation Point Wealth Partners LLC now owns 275,331 shares of the company’s stock worth $11,170,000 after acquiring an additional 11,347 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 35.8% in the first quarter. Janney Montgomery Scott LLC now owns 237,111 shares of the company’s stock valued at $9,620,000 after acquiring an additional 62,493 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.0% in the first quarter. Cetera Investment Advisers now owns 233,205 shares of the company’s stock valued at $9,461,000 after acquiring an additional 4,495 shares during the last quarter.

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

NASDAQ HYLS opened at $39.74 on Friday. The stock’s 50-day simple moving average is $39.91 and its two-hundred day simple moving average is $40.70. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $39.01 and a twelve month high of $42.40.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, October 21st. This represents a $2.64 annualized dividend and a dividend yield of 6.6%.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.