HBW Advisory Services LLC Has $6.96 Million Stock Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

HBW Advisory Services LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,773 shares of the company’s stock after purchasing an additional 8,382 shares during the period. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF makes up approximately 1.0% of HBW Advisory Services LLC’s investment portfolio, making the stock its 18th biggest position. HBW Advisory Services LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $6,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HYLS. LPL Financial LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.5% in the 2nd quarter. LPL Financial LLC now owns 2,513,109 shares of the company’s stock valued at $102,108,000 after acquiring an additional 131,309 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 431,816 shares of the company’s stock worth $17,545,000 after acquiring an additional 18,714 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.0% in the first quarter. Kingsview Wealth Management LLC now owns 325,969 shares of the company’s stock worth $13,440,000 after acquiring an additional 18,531 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% in the first quarter. KMG Fiduciary Partners LLC now owns 261,451 shares of the company’s stock valued at $10,780,000 after acquiring an additional 33,048 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 256,586 shares of the company’s stock valued at $10,425,000 after purchasing an additional 15,017 shares during the period.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock traded down $0.08 during mid-day trading on Friday, hitting $41.89. 129,216 shares of the stock were exchanged, compared to its average volume of 177,676. The firm’s fifty day simple moving average is $41.58 and its two-hundred day simple moving average is $41.05. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $37.78 and a 12 month high of $42.35.

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

The company also recently announced a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2075 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.49 annualized dividend and a yield of 5.94%.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF 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.