Advisory Alpha LLC Lowers Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Advisory Alpha LLC cut its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 19.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,541 shares of the company’s stock after selling 4,319 shares during the quarter. Advisory Alpha LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HYLS. LPL Financial LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 21.6% during the first quarter. LPL Financial LLC now owns 3,528,904 shares of the company’s stock worth $144,826,000 after buying an additional 625,788 shares in the last quarter. Raymond James Financial Inc. grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 37.6% in the first quarter. Raymond James Financial Inc. now owns 498,836 shares of the company’s stock valued at $20,472,000 after purchasing an additional 136,221 shares during the period. Geneos Wealth Management Inc. grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 163.8% in the first quarter. Geneos Wealth Management Inc. now owns 132,971 shares of the company’s stock valued at $5,457,000 after purchasing an additional 82,565 shares during the period. Envestnet Asset Management Inc. grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 24.4% in the first quarter. Envestnet Asset Management Inc. now owns 326,669 shares of the company’s stock valued at $13,406,000 after purchasing an additional 64,050 shares during the period. Finally, Rockport Wealth LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at approximately $2,191,000.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $42.00 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $39.49 and a 1 year high of $42.55. The firm has a 50 day moving average price of $42.03 and a 200 day moving average price of $41.65.

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

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued a $0.225 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Tuesday, October 21st.

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.