First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Stake Cut by Luken Investment Analytics LLC

Luken Investment Analytics LLC reduced its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 79.0% in the 4th quarter, Holdings Channel reports. The fund owned 78,186 shares of the company’s stock after selling 293,387 shares during the period. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF makes up about 1.8% of Luken Investment Analytics LLC’s portfolio, making the stock its 16th biggest position. Luken Investment Analytics LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $3,250,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter worth about $372,000. D.A. Davidson & CO. increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 11.4% during the 1st quarter. D.A. Davidson & CO. now owns 6,028 shares of the company’s stock valued at $276,000 after acquiring an additional 618 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 86.7% during the 1st quarter. Baird Financial Group Inc. now owns 102,943 shares of the company’s stock valued at $4,711,000 after acquiring an additional 47,803 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 44.6% during the 1st quarter. First Trust Advisors LP now owns 3,204,640 shares of the company’s stock valued at $146,644,000 after acquiring an additional 988,586 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 611.6% during the 1st quarter. Flow Traders U.S. LLC now owns 53,633 shares of the company’s stock valued at $2,454,000 after acquiring an additional 46,096 shares during the last quarter.

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

Shares of NASDAQ HYLS traded up $0.01 during mid-day trading on Thursday, reaching $40.35. 98,645 shares of the company traded hands, compared to its average volume of 185,951. The company’s fifty day moving average is $41.06 and its two-hundred day moving average is $40.52. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $37.78 and a fifty-two week high of $41.79.

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 Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend was Thursday, March 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.