BAM Wealth Management LLC Makes New $861,000 Investment in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

BAM Wealth Management LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,557 shares of the company’s stock, valued at approximately $861,000.

A number of other large investors have also modified their holdings of the stock. Aptus Capital Advisors LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the third quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock valued at $27,000 after acquiring an additional 458 shares in the last quarter. Allworth Financial LP acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth $29,000. JPMorgan Chase & Co. increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $58,000 after purchasing an additional 841 shares during the period. Qube Research & Technologies Ltd increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 87.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,005 shares of the company’s stock worth $84,000 after purchasing an additional 937 shares during the period. Finally, Global Retirement Partners LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 18.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,311 shares of the company’s stock valued at $97,000 after purchasing an additional 360 shares in the last quarter.

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

Shares of HYLS opened at $40.74 on Monday. The stock has a 50-day simple moving average of $41.11 and a 200-day simple moving average of $41.61. 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 Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a yield of 6.6%.

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