Concourse Financial Group Securities Inc. Reduces Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Concourse Financial Group Securities Inc. trimmed its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 26.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,553 shares of the company’s stock after selling 2,666 shares during the period. Concourse Financial Group Securities Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Register Financial Advisors LLC purchased a new stake in shares of 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 position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter valued at about $52,000. Hilltop National Bank purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth about $77,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth approximately $98,000. Finally, DHJJ Financial Advisors Ltd. grew its holdings 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 purchasing an additional 319 shares during the period.

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

NASDAQ:HYLS opened at $41.89 on Friday. The firm’s 50 day moving average is $41.74 and its two-hundred day moving average is $41.09. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $37.78 and a fifty-two week high of $42.35.

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

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. This represents a $2.49 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date was Thursday, September 26th.

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.