Truist Financial Corp Has $2.19 Million Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Truist Financial Corp reduced its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 7.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,017 shares of the company’s stock after selling 4,140 shares during the quarter. Truist Financial Corp’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $2,191,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth about $27,000. JPMorgan Chase & Co. boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock worth $27,000 after purchasing an additional 524 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth about $42,000. BNP Paribas Financial Markets boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock worth $97,000 after purchasing an additional 2,298 shares in the last quarter. Finally, Marion Wealth Management bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth about $201,000.

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

HYLS stock opened at $41.65 on Thursday. The company’s 50-day moving average is $41.54 and its 200-day moving average is $41.67. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.215 per share. The ex-dividend date is Friday, February 21st. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.19%.

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.