First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Announces Dividend of $0.23 (NASDAQ:HYLS)

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) declared a dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 0.23 per share on Tuesday, June 30th. The ex-dividend date of this dividend is Thursday, June 25th.

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

NASDAQ HYLS traded down $0.22 during trading hours on Thursday, hitting $40.67. 234,629 shares of the company were exchanged, compared to its average volume of 263,810. The company has a 50 day moving average of $40.91 and a two-hundred day moving average of $41.22. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $40.01 and a 52-week high of $42.40.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds have recently added to or reduced their stakes in HYLS. Morgan Stanley grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% during the fourth quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock worth $271,088,000 after purchasing an additional 488,701 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter valued at about $17,915,000. LPL Financial LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% during the 4th quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after acquiring an additional 335,843 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,409.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 333,424 shares of the company’s stock worth $13,957,000 after purchasing an additional 328,984 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth approximately $10,000,000.

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