Belpointe Asset Management LLC Increases Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Belpointe Asset Management LLC boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,940 shares of the company’s stock after purchasing an additional 542 shares during the quarter. Belpointe Asset Management LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $290,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Independent Wealth Network Inc. lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.4% in the 2nd quarter. Independent Wealth Network Inc. now owns 10,929 shares of the company’s stock worth $457,000 after purchasing an additional 851 shares in the last quarter. Novem Group increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.9% in the 2nd quarter. Novem Group now owns 5,478 shares of the company’s stock worth $229,000 after buying an additional 401 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% in the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock worth $39,000 after buying an additional 490 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 49,349 shares of the company’s stock worth $2,063,000 after buying an additional 2,598 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.5% in the 2nd quarter. Quad Cities Investment Group LLC now owns 76,201 shares of the company’s stock worth $3,186,000 after buying an additional 2,550 shares during the last quarter.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.67 on Friday. The company’s 50-day moving average price is $42.02 and its 200-day moving average price is $41.53. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $39.49 and a twelve month high of $42.55.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.24 dividend. The ex-dividend date was Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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.