Advisory Alpha LLC Sells 103,280 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Advisory Alpha LLC lowered its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 71.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,779 shares of the company’s stock after selling 103,280 shares during the period. Advisory Alpha LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Register Financial Advisors LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at $52,000. Hilltop National Bank acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at $77,000. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at $98,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% in the first quarter. DHJJ Financial Advisors Ltd. now owns 4,817 shares of the company’s stock valued at $199,000 after acquiring an additional 319 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.1 %

Shares of HYLS stock opened at $42.02 on Wednesday. The company has a fifty day moving average price of $41.51 and a two-hundred day moving average price of $41.03. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $37.78 and a one year high of $42.35.

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

The business also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.2075 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date was Thursday, September 26th.

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.