First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Reaches New 1-Year High – Should You Buy?

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) hit a new 52-week high on Wednesday . The stock traded as high as $42.40 and last traded at $40.92, with a volume of 23878 shares changing hands. The stock had previously closed at $40.96.

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

The company’s 50-day moving average is $40.91 and its 200-day moving average is $41.26.

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

The company also recently declared a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st.

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

Several institutional investors have recently made changes to their positions in HYLS. Aptus Capital Advisors LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the third quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after acquiring an additional 458 shares during the period. Allworth Financial LP purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at $33,000. Sound Income Strategies LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock valued at $51,000 after purchasing an additional 1,115 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% during the 4th quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock worth $56,000 after purchasing an additional 535 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.