Beacon Financial Group Lowers Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Beacon Financial Group lessened its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,513 shares of the company’s stock after selling 1,406 shares during the quarter. Beacon Financial Group owned 0.05% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HYLS. MGB Wealth Management LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at approximately $41,000. NBC Securities Inc. increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 142,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,428 shares of the company’s stock valued at $58,000 after acquiring an additional 1,427 shares during the period. Copia Wealth Management purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at $90,000. Raleigh Capital Management Inc. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 11.4% in the 1st quarter. Raleigh Capital Management Inc. now owns 3,274 shares of the company’s stock valued at $134,000 after buying an additional 335 shares during the last quarter. Finally, IMG Wealth Management Inc. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 30.0% in the 1st quarter. IMG Wealth Management Inc. now owns 3,761 shares of the company’s stock valued at $154,000 after buying an additional 867 shares during the last quarter.

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

Shares of NASDAQ HYLS opened at $42.23 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.49 and a one year high of $42.55. The company’s fifty day moving average is $41.88 and its two-hundred day moving average is $41.44.

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

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were paid a $0.24 dividend. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, August 21st. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

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.