Janney Montgomery Scott LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS – Free Report) by 35.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,111 shares of the company’s stock after buying an additional 62,493 shares during the quarter. Janney Montgomery Scott LLC owned about 0.59% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $9,620,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aptus Capital Advisors LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the third quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock valued at $27,000 after acquiring an additional 458 shares during the period. Allworth Financial LP bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth approximately $29,000. Sound Income Strategies LLC lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock worth $51,000 after purchasing an additional 1,115 shares in the last quarter. IFP Advisors Inc lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% in the 4th quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock worth $56,000 after purchasing an additional 535 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $58,000 after purchasing an additional 841 shares during the period.
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance
HYLS opened at $40.80 on Friday. The company has a fifty day moving average price of $40.86 and a 200-day moving average price of $41.17. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $40.01 and a one year high of $42.40.
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Announces Dividend
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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.
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