Northwestern Mutual Wealth Management Co. Sells 6,391 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 9.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 58,412 shares of the company’s stock after selling 6,391 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $2,373,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter valued at approximately $52,000. Hilltop National Bank purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth approximately $77,000. Ashton Thomas Private Wealth LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth $98,000. Finally, DHJJ Financial Advisors Ltd. raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 4,817 shares of the company’s stock valued at $199,000 after buying an additional 319 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1 %

NASDAQ HYLS opened at $41.93 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $37.78 and a 52-week high of $42.35. The company has a fifty day moving average of $41.60 and a 200-day moving average of $41.05.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.2075 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 5.94%. 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.