First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 7,409.5% during the 4th quarter, HoldingsChannel reports. The fund owned 333,424 shares of the company’s stock after buying an additional 328,984 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 $13,957,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. TrueWealth Financial Partners acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at $1,765,000. World Investment Advisors raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.8% in the fourth quarter. World Investment Advisors now owns 7,586 shares of the company’s stock valued at $318,000 after acquiring an additional 278 shares in the last quarter. Fairway Financial LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.7% in the fourth quarter. Fairway Financial LLC now owns 15,642 shares of the company’s stock valued at $655,000 after acquiring an additional 1,378 shares in the last quarter. Blackhawk Capital Partners LLC lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 16.7% during the fourth quarter. Blackhawk Capital Partners LLC now owns 138,887 shares of the company’s stock worth $5,814,000 after purchasing an additional 19,865 shares during the last quarter. Finally, Luken Investment Analytics LLC lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.2% during the fourth quarter. Luken Investment Analytics LLC now owns 12,775 shares of the company’s stock worth $535,000 after purchasing an additional 272 shares during the last quarter.

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

Shares of HYLS opened at $40.93 on Thursday. The business’s fifty day moving average price is $40.86 and its 200 day moving average price is $41.38. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.01 and a 12-month high of $42.40.

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 Thursday, April 30th. Investors of record on Tuesday, April 21st were paid a dividend of $0.225 per share. The ex-dividend date was Tuesday, April 21st. This represents a c) annualized dividend and a yield of 6.6%.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.