Cwm LLC Has $3.27 Million Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Cwm LLC reduced its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,661 shares of the company’s stock after selling 22,815 shares during the period. Cwm LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $3,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,940 shares of the company’s stock valued at $80,000 after purchasing an additional 322 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth about $110,000. Koshinski Asset Management Inc. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth about $243,000. Strategic Blueprint LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth about $271,000. Finally, Aurora Private Wealth Inc. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth about $298,000.

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

NASDAQ:HYLS opened at $40.37 on Thursday. The firm has a 50-day moving average of $41.00 and a 200-day moving average of $40.59. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $37.78 and a one year high of $41.79.

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

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.2125 per share. This represents a $2.55 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Tuesday, April 23rd.

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.