LPL Financial LLC Has $102.11 Million Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

LPL Financial LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 5.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,513,109 shares of the company’s stock after buying an additional 131,309 shares during the quarter. LPL Financial LLC owned 0.07% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $102,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYLS. Register Financial Advisors LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth approximately $52,000. Principal Securities Inc. acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth approximately $75,000. Hilltop National Bank acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth approximately $77,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth approximately $98,000.

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

Shares of NASDAQ:HYLS opened at $41.89 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $37.78 and a 1-year high of $41.94. The business’s 50 day moving average is $41.25 and its 200-day moving average is $40.96.

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

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a dividend of $0.2125 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.55 annualized dividend and a dividend yield of 6.09%.

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.