GAMMA Investing LLC Acquires 17,858 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

GAMMA Investing LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 4,004.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,304 shares of the company’s stock after acquiring an additional 17,858 shares during the quarter. GAMMA Investing LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth $38,000. Creative Financial Designs Inc. ADV increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 93.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,253 shares of the company’s stock valued at $52,000 after purchasing an additional 605 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth $71,000. Topsail Wealth Management LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth $83,000. Finally, Copia Wealth Management acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at $90,000.

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

Shares of NASDAQ HYLS opened at $41.53 on Wednesday. The stock has a fifty day simple moving average of $41.13 and a 200-day simple moving average of $41.33. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $39.49 and a twelve month high of $42.55.

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

The firm also recently declared a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.215 per share. This represents a $2.58 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend was Wednesday, May 21st.

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.