First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Stock Position Raised by Spire Wealth Management

Spire Wealth Management lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 55.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,706 shares of the company’s stock after acquiring an additional 17,079 shares during the quarter. Spire Wealth Management owned 0.12% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $1,995,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HYLS. Koshinski Asset Management Inc. boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 165.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 15,814 shares of the company’s stock worth $649,000 after acquiring an additional 9,866 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter worth $256,000. DAVENPORT & Co LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 25.8% during the 1st quarter. DAVENPORT & Co LLC now owns 50,086 shares of the company’s stock worth $2,056,000 after acquiring an additional 10,265 shares in the last quarter. Novem Group acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter worth $208,000. Finally, D.A. Davidson & CO. boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% in the first quarter. D.A. Davidson & CO. now owns 43,478 shares of the company’s stock worth $1,784,000 after buying an additional 1,800 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 $41.85 on Friday. The business has a fifty day simple moving average of $42.03 and a 200-day simple moving average of $41.67. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $39.49 and a 12 month high of $42.55.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a $0.225 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend 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.