First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Shares Sold by RiverTree Advisors LLC

RiverTree Advisors LLC reduced its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 55.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,308 shares of the company’s stock after selling 20,404 shares during the quarter. RiverTree Advisors LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Aptus Capital Advisors LLC raised its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after acquiring an additional 458 shares during the period. Allworth Financial LP purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at about $29,000. JPMorgan Chase & Co. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% in the second quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $58,000 after purchasing an additional 841 shares during the period. Qube Research & Technologies Ltd increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 87.7% during the second quarter. Qube Research & Technologies Ltd now owns 2,005 shares of the company’s stock worth $84,000 after purchasing an additional 937 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 18.5% during the third quarter. Global Retirement Partners LLC now owns 2,311 shares of the company’s stock worth $97,000 after purchasing an additional 360 shares during the period.

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

NASDAQ:HYLS opened at $40.34 on Monday. The company’s 50-day moving average is $41.24 and its two-hundred day moving average is $41.67. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $39.49 and a 1-year high of $42.40.

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

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a c) annualized dividend and a yield of 6.7%.

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.