7,594 Shares in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Acquired by Independent Wealth Network Inc.

Independent Wealth Network Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLSFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,594 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 15,676 shares of the company’s stock valued at $658,000 after acquiring an additional 289 shares in the last quarter. MBE Wealth Management LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.2% during the third quarter. MBE Wealth Management LLC now owns 13,062 shares of the company’s stock worth $548,000 after purchasing an additional 411 shares during the period. Financial Advocates Investment Management grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the third quarter. Financial Advocates Investment Management now owns 23,488 shares of the company’s stock valued at $986,000 after purchasing an additional 448 shares in the last quarter. Walker Asset Management LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.8% in the 4th quarter. Walker Asset Management LLC now owns 18,647 shares of the company’s stock valued at $771,000 after buying an additional 500 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 32,275 shares of the company’s stock worth $1,354,000 after buying an additional 513 shares in 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 $41.55 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.12 and a 12 month high of $42.55. The company’s fifty day simple moving average is $41.61 and its 200-day simple moving average is $41.56.

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

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.215 dividend. This is a positive change 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 yield of 6.21%. The ex-dividend date of this dividend is Wednesday, January 22nd.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

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