Truist Financial Corp Sells 4,599 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Truist Financial Corp decreased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,567 shares of the company’s stock after selling 4,599 shares during the period. Truist Financial Corp’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $2,726,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kovack Advisors Inc. boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% in the fourth quarter. Kovack Advisors Inc. now owns 72,821 shares of the company’s stock worth $3,027,000 after buying an additional 1,350 shares in the last quarter. TAP Consulting LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at $1,968,000. Diversified LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at $257,000. J.W. Cole Advisors Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 39,801 shares of the company’s stock valued at $1,655,000 after purchasing an additional 4,777 shares during the last quarter. Finally, Imprint Wealth LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.9% in the 4th quarter. Imprint Wealth LLC now owns 10,930 shares of the company’s stock worth $454,000 after purchasing an additional 1,073 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1 %

Shares of NASDAQ:HYLS opened at $40.79 on Thursday. The stock’s 50-day moving average price is $40.88 and its 200-day moving average price is $40.71. 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.

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 Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were issued a $0.2125 dividend. This represents a $2.55 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date was Tuesday, April 23rd.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.