Oppenheimer & Co. Inc. Makes New $4.32 Million Investment in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Oppenheimer & Co. Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 109,948 shares of the company’s stock, valued at approximately $4,319,000.

Other hedge funds have also added to or reduced their stakes in the company. 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 valued at $30,470,000 after purchasing an additional 39,905 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 331,759 shares of the company’s stock worth $13,486,000 after buying an additional 14,618 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 275,331 shares of the company’s stock worth $11,170,000 after buying an additional 11,347 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 35.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 237,111 shares of the company’s stock worth $9,620,000 after buying an additional 62,493 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.0% in the 1st quarter. Cetera Investment Advisers now owns 233,205 shares of the company’s stock valued at $9,461,000 after acquiring an additional 4,495 shares in the last quarter.

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

Shares of NASDAQ HYLS opened at $39.80 on Friday. The business has a 50-day moving average of $39.93 and a 200-day moving average of $40.72. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $39.01 and a fifty-two week high of $42.40.

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

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Profile

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.