First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Announces Dividend Increase – $0.24 Per Share

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) announced a monthly dividend on Wednesday, August 20th, NASDAQ Dividends reports. Stockholders of record on Thursday, August 21st will be given a dividend of 0.24 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, August 21st. This is a 9.1% increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.6%

NASDAQ HYLS opened at $41.71 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $39.49 and a 52-week high of $42.55. The company has a fifty day moving average of $41.76 and a 200-day moving average of $41.39.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% in the 2nd quarter. IFP Advisors Inc now owns 595 shares of the company’s stock worth $25,000 after purchasing an additional 254 shares during the period. GAMMA Investing LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% in the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock worth $39,000 after purchasing an additional 490 shares during the period. MGB Wealth Management LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter worth $41,000. NBC Securities Inc. raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 142,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,428 shares of the company’s stock worth $58,000 after purchasing an additional 1,427 shares during the period. Finally, JPMorgan Chase & Co. raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $58,000 after purchasing an additional 841 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.