Beacon Financial Group Sells 13,482 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Beacon Financial Group reduced its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 62.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,031 shares of the company’s stock after selling 13,482 shares during the period. Beacon Financial Group’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $338,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. EWG Elevate Inc. lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.4% in the 3rd quarter. EWG Elevate Inc. now owns 59,779 shares of the company’s stock worth $2,514,000 after acquiring an additional 2,519 shares during the last quarter. Park National Corp OH raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.9% in the 3rd quarter. Park National Corp OH now owns 290,427 shares of the company’s stock worth $12,212,000 after purchasing an additional 2,617 shares during the period. Osaic Holdings Inc. lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.6% in the second quarter. Osaic Holdings Inc. now owns 246,926 shares of the company’s stock worth $10,318,000 after purchasing an additional 1,428 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter valued at about $375,000. Finally, Advisory Services Network LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 73.9% during the second quarter. Advisory Services Network LLC now owns 40,024 shares of the company’s stock valued at $1,666,000 after buying an additional 17,010 shares during the last quarter.

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

NASDAQ HYLS opened at $41.72 on Friday. 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 $42.40. The stock has a 50-day moving average of $41.81 and a 200-day moving average of $41.84.

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

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a $0.2225 dividend. 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 dividend yield of 6.4%. The ex-dividend date is Friday, December 12th.

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.