Merit Financial Group LLC Has $218,000 Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Merit Financial Group LLC trimmed its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 36.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,233 shares of the company’s stock after selling 3,015 shares during the period. Merit Financial Group LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Diversified LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth $257,000. Accel Wealth Management raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.8% in the fourth quarter. Accel Wealth Management now owns 7,549 shares of the company’s stock valued at $314,000 after purchasing an additional 976 shares in the last quarter. Imprint Wealth LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.9% in the fourth quarter. Imprint Wealth LLC now owns 10,930 shares of the company’s stock valued at $454,000 after purchasing an additional 1,073 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 52.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 180,825 shares of the company’s stock worth $7,094,000 after purchasing an additional 62,330 shares during the period. Finally, Brookstone Capital Management grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% during the fourth quarter. Brookstone Capital Management now owns 32,445 shares of the company’s stock worth $1,349,000 after buying an additional 1,326 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

Shares of NASDAQ:HYLS opened at $40.64 on Friday. The firm has a 50 day moving average of $40.87 and a 200-day moving average of $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 disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were paid a $0.2125 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $2.55 dividend on an annualized basis and a yield of 6.27%.

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.