Baird Financial Group Inc. Sells 22,037 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Baird Financial Group Inc. reduced its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 51.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,571 shares of the company’s stock after selling 22,037 shares during the period. Baird Financial Group Inc. owned about 0.05% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HYLS. MGB Wealth Management LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter worth approximately $41,000. NBC Securities Inc. boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 142,700.0% in the first quarter. NBC Securities Inc. now owns 1,428 shares of the company’s stock worth $58,000 after purchasing an additional 1,427 shares during the period. Copia Wealth Management bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth approximately $90,000. Raleigh Capital Management Inc. boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 11.4% in the first quarter. Raleigh Capital Management Inc. now owns 3,274 shares of the company’s stock worth $134,000 after purchasing an additional 335 shares during the period. Finally, IMG Wealth Management Inc. boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 30.0% in the first quarter. IMG Wealth Management Inc. now owns 3,761 shares of the company’s stock worth $154,000 after purchasing an additional 867 shares during the period.

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

Shares of HYLS stock opened at $42.12 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 company’s fifty day simple moving average is $41.84 and its two-hundred day simple moving average is $41.42.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 21st. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a yield of 6.8%.

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.