First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shares Break Below 50 Day Moving Average – Time to Sell?

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $39.77 and traded as low as $39.65. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF shares last traded at $39.72, with a volume of 179,595 shares trading hands.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.3%

The firm has a fifty day simple moving average of $39.77 and a two-hundred day simple moving average of $40.61.

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

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were issued a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Wednesday, October 21st.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth about $115,317,000. Royal Bank of Canada grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% in the first quarter. Royal Bank of Canada now owns 751,041 shares of the company’s stock worth $30,470,000 after acquiring an additional 39,905 shares during the period. International Assets Investment Management LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6,513.0% during the 3rd quarter. International Assets Investment Management LLC now owns 600,000 shares of the company’s stock worth $23,568,000 after purchasing an additional 590,927 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 331,759 shares of the company’s stock valued at $13,486,000 after acquiring an additional 14,618 shares during the period. Finally, Cetera Investment Advisers raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.0% in the first quarter. Cetera Investment Advisers now owns 233,205 shares of the company’s stock valued at $9,461,000 after purchasing an additional 4,495 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.