Moloney Securities Asset Management LLC Cuts Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Moloney Securities Asset Management LLC trimmed its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 5.0% in the fourth quarter, Holdings Channel reports. The firm owned 18,394 shares of the company’s stock after selling 958 shares during the period. Moloney Securities Asset Management LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $760,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 57,296.0% during the third quarter. International Assets Investment Management LLC now owns 6,800,284 shares of the company’s stock worth $285,340,000 after purchasing an additional 6,788,436 shares in the last quarter. LPL Financial LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% during the 3rd quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock worth $133,484,000 after acquiring an additional 668,100 shares in the last quarter. Heritage Oak Wealth Advisors LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth approximately $3,168,000. Raymond James & Associates grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 28.1% in the third quarter. Raymond James & Associates now owns 280,616 shares of the company’s stock valued at $11,775,000 after acquiring an additional 61,485 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 660.5% during the third quarter. Stephens Inc. AR now owns 70,355 shares of the company’s stock valued at $2,952,000 after purchasing an additional 61,104 shares during the period.

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

Shares of HYLS stock opened at $41.54 on Monday. The firm has a fifty day simple moving average of $41.58 and a 200-day simple moving average of $41.61. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.12 and a twelve month high of $42.55.

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

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21. This represents a $2.58 annualized dividend and a dividend yield of 6.21%.

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.