First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Announces $0.22 Monthly Dividend

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) declared a monthly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.22 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Thursday, September 24th.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.6%

NASDAQ:HYLS traded down $0.23 during trading hours on Thursday, hitting $39.74. 27,207 shares of the company’s stock traded hands, compared to its average volume of 241,185. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $39.68 and a twelve month high of $42.40. The stock’s fifty day moving average price is $40.53 and its two-hundred day moving average price is $40.73.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of large investors have recently made changes to their positions in HYLS. Tucker Asset Management LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% during the second quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock worth $26,000 after purchasing an additional 516 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter valued at approximately $33,000. IFP Advisors Inc lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% in the 4th quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock worth $56,000 after buying an additional 535 shares in the last quarter. Sound Income Strategies LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 49.5% in the 1st quarter. Sound Income Strategies LLC now owns 1,818 shares of the company’s stock worth $74,000 after buying an additional 602 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,010.0% during the 1st quarter. Parallel Advisors LLC now owns 2,775 shares of the company’s stock valued at $113,000 after buying an additional 2,525 shares during the period.

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.