First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Strong Trading Volume – Here’s Why

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw an uptick in trading volume on Tuesday . 695,931 shares changed hands during mid-day trading, an increase of 109% from the previous session’s volume of 332,958 shares.The stock last traded at $41.83 and had previously closed at $41.96.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.0%

The stock’s fifty day simple moving average is $41.79 and its 200 day simple moving average is $41.87.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.2225 per share. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. The ex-dividend date was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 6.4%.

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

Several institutional investors and hedge funds have recently bought and sold shares of HYLS. Focus Partners Wealth lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.3% during the 1st quarter. Focus Partners Wealth now owns 36,325 shares of the company’s stock valued at $1,491,000 after purchasing an additional 818 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter valued at about $263,000. Geneos Wealth Management Inc. increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 54,069 shares of the company’s stock valued at $2,219,000 after buying an additional 3,663 shares in the last quarter. HBW Advisory Services LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.9% in the second quarter. HBW Advisory Services LLC now owns 126,525 shares of the company’s stock valued at $5,290,000 after buying an additional 4,769 shares during the last quarter. Finally, KMG Fiduciary Partners LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 329,800 shares of the company’s stock worth $13,789,000 after acquiring an additional 5,823 shares in the last quarter.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.