Commonwealth Equity Services LLC Trims Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Commonwealth Equity Services LLC cut its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,562 shares of the company’s stock after selling 13,710 shares during the quarter. Commonwealth Equity Services LLC owned about 0.17% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $3,037,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HYLS. Jane Street Group LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at $17,915,000. LPL Financial LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock valued at $164,841,000 after purchasing an additional 335,843 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,409.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 333,424 shares of the company’s stock valued at $13,957,000 after purchasing an additional 328,984 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at $10,000,000. Finally, Vestmark Advisory Solutions Inc. boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.5% during the third quarter. Vestmark Advisory Solutions Inc. now owns 325,917 shares of the company’s stock valued at $13,705,000 after buying an additional 196,839 shares during the period.

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

NASDAQ:HYLS opened at $40.79 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $40.01 and a 52-week high of $42.40. The stock has a fifty day moving average of $40.88 and a 200 day moving average of $41.29.

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

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.