First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 40.3% in the second quarter, Holdings Channel reports. The firm owned 25,959 shares of the company’s stock after selling 17,519 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $1,085,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter worth about $412,000. Koshinski Asset Management Inc. lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 165.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 15,814 shares of the company’s stock worth $649,000 after acquiring an additional 9,866 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter worth approximately $256,000. Clear Creek Financial Management LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.0% during the 1st quarter. Clear Creek Financial Management LLC now owns 211,275 shares of the company’s stock worth $8,671,000 after acquiring an additional 15,564 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 25.8% during the 1st quarter. DAVENPORT & Co LLC now owns 50,086 shares of the company’s stock worth $2,056,000 after acquiring an additional 10,265 shares in the last quarter.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $42.04 on Tuesday. The stock’s 50 day moving average price is $42.03 and its 200 day moving average price is $41.64. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.49 and a one year high of $42.55.

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

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a c) annualized dividend and a yield of 6.4%.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company 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.