First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lessened its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 17.1% during the fourth quarter, HoldingsChannel reports. The firm owned 36,483 shares of the company’s stock after selling 7,515 shares during the period. Kestra Private Wealth Services LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $1,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth $298,000. Activest Wealth Management acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at about $27,000. Atria Investments Inc increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 85.3% during the third quarter. Atria Investments Inc now owns 11,718 shares of the company’s stock worth $492,000 after acquiring an additional 5,395 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 165,170 shares of the company’s stock valued at $6,827,000 after purchasing an additional 4,392 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 32,275 shares of the company’s stock valued at $1,354,000 after purchasing an additional 513 shares in the last quarter.

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

HYLS stock opened at $41.55 on Thursday. The stock’s 50 day moving average is $41.57 and its two-hundred day moving average is $41.62. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $40.12 and a 52-week high of $42.55.

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

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.215 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $2.58 annualized dividend and a dividend yield of 6.21%. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21.

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.