First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sets New 52-Week Low – What’s Next?

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $40.00 and last traded at $39.9850, with a volume of 96287 shares. The stock had previously closed at $40.25.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.7%

The company’s 50 day moving average price is $40.55 and its 200 day moving average price is $40.74.

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

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a dividend of $0.225 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date was Friday, August 21st.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% during the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock valued at $164,841,000 after buying an additional 335,843 shares during the period. Royal Bank of Canada grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% during the 1st quarter. Royal Bank of Canada now owns 751,041 shares of the company’s stock valued at $30,470,000 after acquiring an additional 39,905 shares during the period. Elevation Point Wealth Partners LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 275,331 shares of the company’s stock valued at $11,170,000 after acquiring an additional 11,347 shares during the period. Janney Montgomery Scott LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 35.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 237,111 shares of the company’s stock worth $9,620,000 after purchasing an additional 62,493 shares during the period. Finally, Cetera Investment Advisers raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.0% in the 1st quarter. Cetera Investment Advisers now owns 233,205 shares of the company’s stock worth $9,461,000 after purchasing an additional 4,495 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

(Get Free Report)

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.

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