Park Avenue Securities LLC Purchases New Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Park Avenue Securities LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the third quarter, Holdings Channel.com reports. The fund purchased 39,005 shares of the company’s stock, valued at approximately $1,532,000.

A number of other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% during 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 during the period. Envestnet Asset Management Inc. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 331,759 shares of the company’s stock valued at $13,486,000 after buying an additional 14,618 shares during the period. Cetera Investment Advisers lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.0% during the 1st quarter. Cetera Investment Advisers now owns 233,205 shares of the company’s stock valued at $9,461,000 after buying an additional 4,495 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.7% during the 1st quarter. NewEdge Advisors LLC now owns 161,442 shares of the company’s stock valued at $6,550,000 after buying an additional 19,512 shares during the last quarter. Finally, Quad Cities Investment Group LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.4% during the 2nd quarter. Quad Cities Investment Group LLC now owns 94,592 shares of the company’s stock valued at $3,845,000 after buying an additional 5,691 shares during the last quarter.

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

HYLS stock opened at $39.74 on Monday. 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. The stock has a fifty day moving average of $39.91 and a 200-day moving average of $40.70.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.64 annualized dividend and a yield of 6.6%.

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.