First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Stake Decreased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC trimmed its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 73,261 shares of the company’s stock after selling 2,236 shares during the quarter. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF comprises about 1.2% of New Wave Wealth Advisors LLC’s portfolio, making the stock its 21st biggest holding. New Wave Wealth Advisors LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $3,028,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Luken Investment Analytics LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 124.4% during the 4th quarter. Luken Investment Analytics LLC now owns 22,313 shares of the company’s stock valued at $922,000 after buying an additional 12,371 shares during the period. SteelPeak Wealth LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.6% in the 4th quarter. SteelPeak Wealth LLC now owns 15,800 shares of the company’s stock valued at $653,000 after acquiring an additional 400 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 68.2% in the 4th quarter. Perigon Wealth Management LLC now owns 21,289 shares of the company’s stock valued at $885,000 after acquiring an additional 8,633 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth approximately $535,000. Finally, Lighthouse Wealth Management Inc. purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth approximately $632,000.

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

HYLS opened at $41.67 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.12 and a 12-month high of $42.55. The stock has a fifty day moving average of $41.60 and a 200-day moving average of $41.58.

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

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.215 per share. The ex-dividend date is Wednesday, January 22nd. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.19%.

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.