Geneos Wealth Management Inc. Cuts Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Geneos Wealth Management Inc. lowered its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 89.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,346 shares of the company’s stock after selling 127,022 shares during the quarter. Geneos Wealth Management Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $603,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Flow Traders U.S. LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at about $1,206,000. GAMMA Investing LLC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% in the second quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock valued at $39,000 after buying an additional 490 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 100.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 129,078 shares of the company’s stock valued at $5,397,000 after acquiring an additional 64,777 shares during the period. CWM LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 83.1% during the 3rd quarter. CWM LLC now owns 55,872 shares of the company’s stock worth $2,349,000 after acquiring an additional 25,361 shares in the last quarter. Finally, MGO One Seven LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.7% during the 2nd quarter. MGO One Seven LLC now owns 7,434 shares of the company’s stock worth $311,000 after acquiring an additional 1,224 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.2%

NASDAQ HYLS opened at $42.01 on Friday. The business has a 50 day moving average price of $41.79 and a 200 day moving average price of $41.87. 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.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.2225 per share. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 6.4%.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.