Assetmark Inc. Has $4.09 Million Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Assetmark Inc. increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,765 shares of the company’s stock after purchasing an additional 19,468 shares during the period. Assetmark Inc. owned approximately 0.23% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $4,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HYLS. Aptus Capital Advisors LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after acquiring an additional 458 shares during the period. Allworth Financial LP acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at approximately $29,000. Sound Income Strategies LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock valued at $51,000 after purchasing an additional 1,115 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% during the second 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 last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 87.7% during the second 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 last quarter.

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

Shares of HYLS stock opened at $41.30 on Monday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $40.01 and a fifty-two week high of $42.40. The stock’s fifty day moving average price is $40.99 and its two-hundred day moving average price is $41.53.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.225 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Thursday, March 26th.

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.