First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,247 shares of the company’s stock after selling 2,924 shares during the period. Kovack Advisors Inc. owned approximately 0.07% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $1,223,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.4% during the second quarter. Atria Investments Inc now owns 16,835 shares of the company’s stock worth $704,000 after purchasing an additional 2,113 shares in the last quarter. Assetmark Inc. lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.6% during the second quarter. Assetmark Inc. now owns 57,821 shares of the company’s stock worth $2,417,000 after purchasing an additional 2,018 shares in the last quarter. Spire Wealth Management lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 55.8% during the second quarter. Spire Wealth Management now owns 47,706 shares of the company’s stock worth $1,995,000 after purchasing an additional 17,079 shares in the last quarter. World Investment Advisors lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 11.3% during the second quarter. World Investment Advisors now owns 13,381 shares of the company’s stock worth $559,000 after purchasing an additional 1,358 shares in the last quarter. Finally, Winebrenner Capital Management LLC lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.0% during the second quarter. Winebrenner Capital Management LLC now owns 29,634 shares of the company’s stock worth $1,239,000 after purchasing an additional 1,134 shares in the last quarter.

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

NASDAQ:HYLS opened at $41.85 on Friday. The stock’s fifty day moving average is $42.03 and its two-hundred day moving average is $41.68. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $39.49 and a 52 week high of $42.55.

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

The company also recently declared a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were paid a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Tuesday, October 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.