Janney Montgomery Scott LLC Has $6.83 Million Stock Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Janney Montgomery Scott LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,170 shares of the company’s stock after purchasing an additional 4,392 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $6,827,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Koshinski Asset Management Inc. acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth $246,000. RiverTree Advisors LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth about $1,949,000. Walker Asset Management LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.8% in the 4th quarter. Walker Asset Management LLC now owns 18,647 shares of the company’s stock worth $771,000 after purchasing an additional 500 shares during the last quarter. KMG Fiduciary Partners LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.6% in the fourth quarter. KMG Fiduciary Partners LLC now owns 316,515 shares of the company’s stock worth $13,082,000 after purchasing an additional 11,109 shares during the period. Finally, Bennett Associates Wealth Management lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.2% in the fourth quarter. Bennett Associates Wealth Management now owns 45,412 shares of the company’s stock valued at $1,877,000 after buying an additional 7,328 shares during the period.

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

Shares of HYLS opened at $41.63 on Wednesday. The stock’s 50-day moving average price is $41.60 and its two-hundred day moving average price is $41.58. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.12 and a 1 year high of $42.55.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.215 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.20%. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21.

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.