Koshinski Asset Management Inc. Trims Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Koshinski Asset Management Inc. lessened its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 7.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,686 shares of the company’s stock after selling 1,128 shares during the period. Koshinski Asset Management Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HYLS. IFP Advisors Inc grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% during the 2nd quarter. IFP Advisors Inc now owns 595 shares of the company’s stock valued at $25,000 after buying an additional 254 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% during the second quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock worth $39,000 after acquiring an additional 490 shares during the last quarter. MGB Wealth Management LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter valued at $41,000. Raleigh Capital Management Inc. grew its position 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 valued at $134,000 after purchasing an additional 335 shares in the last quarter. Finally, IMG Wealth Management Inc. boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 30.0% during the first quarter. IMG Wealth Management Inc. now owns 3,761 shares of the company’s stock valued at $154,000 after buying an additional 867 shares during the last quarter.

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

NASDAQ:HYLS opened at $41.99 on Monday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $39.49 and a 1 year high of $42.55. The stock’s 50 day simple moving average is $42.03 and its two-hundred day simple moving average is $41.57.

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 Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 6.9%.

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