NewEdge Wealth LLC Sells 9,688 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

NewEdge Wealth LLC trimmed its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 55.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,839 shares of the company’s stock after selling 9,688 shares during the quarter. NewEdge Wealth LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,052.7% in the 2nd quarter. Captrust Financial Advisors now owns 1,510 shares of the company’s stock worth $59,000 after purchasing an additional 1,379 shares during the period. Global Retirement Partners LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,940 shares of the company’s stock valued at $80,000 after purchasing an additional 322 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at about $110,000. Steward Partners Investment Advisory LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 62.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 3,312 shares of the company’s stock valued at $132,000 after purchasing an additional 1,270 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at about $139,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.3 %

HYLS opened at $40.34 on Thursday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $37.78 and a 12 month high of $41.79. The stock has a 50-day moving average of $41.06 and a 200 day moving average of $40.52.

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

The business also recently declared a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $2.64 annualized dividend and a yield of 6.54%.

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.