Raymond James Financial Inc. Has $20.47 Million Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Raymond James Financial Inc. lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 37.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,836 shares of the company’s stock after purchasing an additional 136,221 shares during the quarter. Raymond James Financial Inc. owned 1.24% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $20,472,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Raleigh Capital Management Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 11.4% during the first quarter. Raleigh Capital Management Inc. now owns 3,274 shares of the company’s stock worth $134,000 after buying an additional 335 shares in the last quarter. Realta Investment Advisors grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.2% during the first quarter. Realta Investment Advisors now owns 7,298 shares of the company’s stock worth $299,000 after buying an additional 359 shares in the last quarter. Kovack Advisors Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.2% during the first quarter. Kovack Advisors Inc. now owns 32,171 shares of the company’s stock worth $1,320,000 after buying an additional 386 shares in the last quarter. Aurora Private Wealth Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.1% during the first quarter. Aurora Private Wealth Inc. now owns 12,278 shares of the company’s stock worth $504,000 after buying an additional 481 shares in the last quarter. Finally, World Investment Advisors grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.7% during the first quarter. World Investment Advisors now owns 12,023 shares of the company’s stock worth $493,000 after buying an additional 544 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.0%

NASDAQ:HYLS opened at $41.95 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $39.49 and a 52-week high of $42.55. The stock has a 50-day simple moving average of $41.78 and a 200 day simple moving average of $41.39.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 21st will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, August 21st. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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.