SRS Capital Advisors Inc. Invests $494,000 in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

SRS Capital Advisors Inc. acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,960 shares of the company’s stock, valued at approximately $494,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HYLS. Stephens Inc. AR raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 660.5% in the 3rd quarter. Stephens Inc. AR now owns 70,355 shares of the company’s stock worth $2,952,000 after buying an additional 61,104 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.0% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 19,352 shares of the company’s stock worth $812,000 after buying an additional 739 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 208,021 shares of the company’s stock worth $8,729,000 after buying an additional 8,112 shares in the last quarter. TFB Advisors LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth $220,000. Finally, Assetmark Inc. raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 70.5% during the third quarter. Assetmark Inc. now owns 73,687 shares of the company’s stock worth $3,092,000 after purchasing an additional 30,477 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.2 %

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.58 on Tuesday. The stock’s fifty day moving average is $41.55 and its 200-day moving average is $41.68. 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.

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

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.215 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date was Friday, February 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.